In order to promote Exports from India, the government of India has launched Service Exports from India Scheme (SEIS) which is rewarded in the form of duty scrip credit. These Scrips are rewarded for all eligible exports from India, which can be traded against any custom fee-related activity.
Why SEIS?
As we all know, India is a trade deficit country i.e. our imports are greater than exports, this deficit leads to the artificial demand of dollars in India. Advantages of boost to Exports are as follows-
- Boost to SMEs and MSMEs
- Creation of Jobs .
- Stable & strong currency
- Overall Economic and Infrastructure growth
