Service Exports from India Scheme (SEIS) - A Booster!!
Service Exports from India Scheme (SEIS) Rewards to Service Exporters for Exports out of India SEIS is one of the Exports from India Scheme launched by Director General of Foreign Trade (DGFT) under the Free Trade Policy 2015-20. This scheme aims to incentivize service exporters of India with the objective to encourage and maximize export of notified Services from India (The list of notified services provided at the end of this article). Rewards under the scheme: The rewards under the scheme are not given in the form of money but in the form of Duty Credit Scrips. Duty Credit Scrip is a scrip issued by the DGFT and can be used to pay various duties/taxes to the Central Govt. Split certificates of such Duty Credit Scrip may also be issued, at the time of application and are freely transferable . This means the eligible service exporter can also transfer the duty scrip in return for money. Who is eligible? (a) Service Providers of notified ser...