23rd September 2021 

To All Members, 

Sub: Release of Service Exports from India Scheme (SEIS) Scrips for Services Rendered in the Financial Year 2019-20

Dear Friends, 

You will be pleased to know that Release of Service Exports from India Scheme (SEIS) Scrips for the services rendered in the financial year 2019-20 have been announced today which IATO was aggressively following up for last one and half year with all the concerned government offices. 

We took up this matter at the highest level of Hon’ble Prime Minister of India besides taking up with Minister of Finance,  Minister of Commerce, Minister of Tourism, DGFT, SEPC, Niti Aayog directly and through Ministry of Tourism, FAITH, FICCI, FIEO, ASSOCHAM, CII, PHDCII etc.  We also raised this issue at every platform and through media campaign. Besides all these efforts, we also met our Hon’ble Finance Minister personally in her office on 16thJuly 2021 and raised this issue.  

I would like to thank Secretary Tourism, Additional Director General (Tourism) and the entire team in the Ministry and Mr. Pronab Sarkar Immediate Past President IATO who was vigoursly following up this for last one and half year when I was also closely involved till I took over the charge from him in March 2021 and we continued our follow up.

Though the percentage has been reduced to 5% but this has been done for all the services, though we were insisting with the Government to increase SEIS to 10% and if it cannot be increased it should be retained to 7 % and there should not be any capping considering the hardship we are facing in Tourism sector due to pandemic. Government has decided for a maximum of 5% and capping for all the services sector. However, we shall take up the matter with the concerned authorities to restore the percentage to 7 % and remove capping.

A copy of the Notification No. 29/2015-2020 dated 23rd September 2021 issued by Ministry of Commerce & Industry, Govt. of India is attached for your ready reference. 

Please refer para 4 of the attached notification, wherein it is clearly mentioned the deadline for filing of application is 31.12 2021 and application shall get time barred after 31.12.2021. 

Members are, therefore, requested to follow the deadline and take timely action by filing their claims to avoid any financial loss.  

Thanks and regards, 

  

Rajiv Mehra

President 

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