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Service Export from India scheme
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....ervice Export from India scheme <br>News and Press Release<br>Dated:- 14-12-2016<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 14-December-2016 15:18 IST The ....
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....Government has introduced the Service Exports from India Scheme (SEIS) w.e.f. 01.04.2015 under the Foreign Trade Policy (FTP), 2015-20 replacing the earlier scheme 'Served from India Scheme' under....
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.... the FTP, 2009-15. Under SEIS, the service providers of notified services are incentivized in the form of Duty Credit Scrips at the rate of 3 or 5% on their net foreign exchange earnings. These SEIS s....
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....crips are transferrable and can also be used for payment of a number of Central duties/taxes including the basic customs duty. Apart from services, there is also a scheme for incentivizing export of ....
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....merchandise/goods. The Merchandise Exports from India Scheme (MEIS) in the Foreign Trade Policy (FTP) 2015-20 operating since April 1, 2015 rewards export of merchandise which are produced/manufacture....
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....d in India through Duty Credit Scrips which are transferable and can be used to pay Central duties/taxes including customs duties. SEIS and MEIS schemes are designed to make our exports (both service....
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....s & goods) globally competitive. This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha. ***** MJPS<BR> News - Press release - PIB....
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........