SEIS allocation will help tourism-related services

Giving a substantial part of the meagre allocation under SEIS to hotels, restaurants and other tourism-related service providers against their NFE earnings in 2019-20 will help them cope with distress

Topics
tourism sector | Finance Ministry | Exports

TNC Rajagopalan 

TNC Rajagopalan

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 ...

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First Published: Mon, August 02 2021. 01:14 IST
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