PARA 3.6.4.7
- Document type
- Policy
- Reference no.
- 03
- Dated
Healthcare & Education
Healthcare & Education
3.6.4.7
In order to enable Healthcare and Educational Institutions to have world-class state-of-the-art infrastructure, service providers in these sectors shall, as for other service sectors, be entitled to duty credit equivalent to 10% of the foreign exchange earned by them in the previous financial year.
(i) The foreign exchange turnover for Healthcare Institutions would include amounts earned through medical treatment, surgery, testing, consultancy and health care provided by the institution.
(ii) The foreign exchange turnover for Educational Institutions would include amounts earned through the courses and consultancy provided by the institution.
(iii) In either case, it will not include foreign exchange remittances through any other source including equity participation, donations etc.
(iv) The capital goods and the consumer goods imported under the duty free entitlement shall have a nexus with the activities of the healthcare or educational institutions concerned.
3.6.4.7
In order to enable Healthcare and Educational Institutions to have world-class state-of-the-art infrastructure, service providers in these sectors shall, as for other service sectors, be entitled to duty credit equivalent to 10% of the foreign exchange earned by them in the previous financial year.
(i) The foreign exchange turnover for Healthcare Institutions would include amounts earned through medical treatment, surgery, testing, consultancy and health care provided by the institution.
(ii) The foreign exchange turnover for Educational Institutions would include amounts earned through the courses and consultancy provided by the institution.
(iii) In either case, it will not include foreign exchange remittances through any other source including equity participation, donations etc.
(iv) The capital goods and the consumer goods imported under the duty free entitlement shall have a nexus with the activities of the healthcare or educational institutions concerned.