Q. With reference to the Service Exports from India Scheme (SEIS), consider the following:

Select the correct answer using the codes given below:

1 only

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1 and 2 only

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1 and 3 only

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1, 2 and 3

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Solution

The correct option is B 1 and 2 only
Explanation:

Statement 1 is correct: The objective of the SEIS scheme is to increase the export of notified services.

Statement 2 is correct: The purpose for the scheme is to make export of Indian services more competitive in the international market.

Statement 3 is incorrect: Service providers are required to satisfy certain conditions for obtaining the benefits under SEIS and one of the conditions is he/she must be an Indian.

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Similar questions

Q23. Consider the following statements about Merchandise Exports from India Scheme (MEIS):

1. It was introduced to promote exports.

2. The idea is to offset the infrastructural inefficiencies faced by exports of specified goods and to provide a level playing field.

Which of the statements are correct?

List A (Schemes)	List B (Objective)
1. RoSCTL	Assistance for specified agricultural products
2. Transport and marketing assistance	Boost competitiveness of textiles
3. Niryat Bandhu	Handholding of MSME for export promotion

Q. Consider the following statements with regards to Goods and Services Tax (GST):

Select the correct answer using the codes given below:

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