Institutes offering education to NRI students now eligible for export incentives under SEIS

Institutes offering education to NRI students now eligible for export incentives under SEIS

Institutions that provide education to non-resident Indians (NRIs) can now avail services export incentives under Service Exports from India Scheme (SEIS) by the commerce ministry. Eligible institutions will be entitled to duty credit scrips on net foreign exchange earned under this scheme, the directorate general of foreign trade (DGFT), under the commerce ministry, said in a circular on Monday. “It is clarified that for the purpose of a claim of SEIS benefits…the educational services rendered by Indian institutes to NRIs (who constitute foreign consumers) are eligible for SEIS benefits under…

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