Deduction of State /Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes

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.... Dated 21^st July, 2016 All Regional Authorities/All Customs Authorities/FIEO/EPCs/All Concerned Subject : Deduction of State /Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes. The CAG audit team has during the audit of Served From India Scheme files observed that charges made on Accommodation, Services, Food etc. invariably include Sta....

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....sm sector registered with the Department of Tourism, shall be entitled to duty credit equivalent to 5% of the foreign exchange earned by them in the preceding financial year. Para 3.18 (i) of HBP 2004-09 further specifies that: Only such foreign exchange remittances as are earned as amounts in lieu of the services rendered by the Service Exporter would be counted for computation of the entit....