Govt caps entitlement under service export scheme during FY20 at Rs 5 crore

photo

The government on Thursday imposed a limit on the total entitlement under the Services Export from India Scheme (SEIS) for shipments made during 2019-20, at Rs 5 crore per exporter. Under the scheme, depending on the nature of services, the government gives duty credit scrips or a reward at 3-5% of net foreign exchange earned … Read more