Served from india scheme (sfis)

MONU JAIN (PROPRIATORS)     29 December 2013

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To accelerate growth in export of services so as to create a powerful and unique “ Served From India Brand “ instantly recognized and respected all over the world , The Govt. of India has introduce” Served From India Scheme. “


Indian Service Providers, of services listed in Appendix 41 of HBPv1, who have free foreign exchange earning of at least Rs. 10 lakhs in current financial year will be eligible for Duty Credit Scrip. For Individual Indian Service Providers, minimum free foreign exchange earnings would be Rs 5 Lakhs.


(a) Service Providers of services listed in Appendix 41 of HBPv1 would alone be eligible. Such eligible service providers will be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during current financial year (w.e.f 1.1.2011). For services rendered prior to 1.1.2011, Appendix 10 of HBP v1 would be applicable.

(b) Service  providers  are  entitled  to  duty  credit scrips  under  Served from  India  Scheme  at  the  rate  of  10%  of  free  foreign  exchange earned  during  a  financial  year.  The  entitlement  shall  now  be calculated  on the basis of net free foreign exchange earned (i.e., after  deducting  foreign  exchange  spent  from  the  total  foreign exchange earned during the financial year).

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