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TMI BlogService Export from India schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Service Export from India scheme X X X X Extracts X X X X X X X X Extracts X X X X ..... 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' unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scrips 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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/manufactur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es & goods) globally competitive.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
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