A few weeks back, the Finance Ministry gave concurrence to the proposal of the Commerce Ministry for continuation of Services Exports from India Scheme (SEIS) for 2019-20 with a financial allocation of Rs 2,061 crore, subject to the condition that the amount will be provided through expenditure budget following the procedure of providing a new minor head.
The SEIS was introduced in 2015, replacing the earlier Served from India Scheme (SFIS). The scheme started with duty credits at 3 per cent to 5 per cent of net foreign exchange (NFE) earnings through exports of specified services such as business
The SEIS was introduced in 2015, replacing the earlier Served from India Scheme (SFIS). The scheme started with duty credits at 3 per cent to 5 per cent of net foreign exchange (NFE) earnings through exports of specified services such as business
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