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TMI BlogRegarding implementation of Service Export from India Scheme (SEIS) under FTP 2015-2020X X X X Extracts X X X X X X X X Extracts X X X X ..... ax New Delhi, the 8th April, 2015 G.S.R. 274 (E). - In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services provided or agreed to be provided against a scrip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... holder of the scrip, to whom taxable services are provided or agreed to be provided shall be located in the taxable territory; (3) that the holder of the scrip who may either be the person to whom the scrip was originally issued or a transferee-holder, presents the scrip to the said Customs Authority along with a letter and an invoice or challan or bill, as the case may be, issued under rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of service tax leviable, in the scrip, by the said Customs Authority shall be taken as the date of payment of service tax; (6) that in case the service tax leviable as per the point of taxation determined in terms of the Point of Taxation Rules, 2011 is prior to date of debit or that the rate of tax determined in terms of rule 4 of the Point of Taxation of Rules, 2011, is in excess of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nterest, if any; (9) that the service provider retains a copy of the scrip, debited by the said Customs Authority and verified by the said Officer and duly attested by the holder of the scrip, in support of the provision of taxable services under this notification; and (10) that the said holder of the scrip, to whom the taxable services were provided or agreed to be provided shall be e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Regional Authority means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant an authorisation including a duty credit scrip under the said Act. (D) Scrip means Service Exports from India Scheme duty credit scrip issued to an exporter by the Regional Authority ..... X X X X Extracts X X X X X X X X Extracts X X X X
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