3.18.1
- Document type
- Procedure
- Dated
Ineligible Remittances and Services
Ineligible Remittances and Services
3.18.1
(a) The following Foreign Exchange remittances shall not be eligible for entitlement under this scheme:
I. Remittances related to Financial Services Sector
1. Raising of all types of foreign currency Loans.
2. Export proceeds realisation of clients.
3. Issuance of Foreign Equity through ADRs /GDRs or other similar instruments.
4. Issuance of foreign currency Bonds.
5. Sale of securities and other financial instruments.
6. Other receivables not connected with the services rendered by the financial institutions.
II. Remittances earned through contract/regular employment abroad (e.g. labour remittances).
(b) Payments received from Export Earners Foreign Currency (EEFC) Account shall not be counted for benefits under the scheme.
(c) The foreign exchange turnover for Healthcare Institutions like equity participation, donations etc. (However remittances received on account of medical treatment, surgery, testing, consultancy and health care provided by the institution shall not be ineligible.)
(d) The foreign exchange turnover for Educational Institutions like equity participation, donations etc. (However remittances received on account of the course fees and consultancy provided by the institution shall not be ineligible.)
(e) Export turnover of units operating under SEZ/EOU/EHTP/STPI/ BTP Schemes or supplies made to such units or products manufactured by them and exported through DTA units
(f) Moreover, the clubbing of turnover of services rendered by these units with the turnover of the DTA units shall also not be allowed.
3.18.1
(a) The following Foreign Exchange remittances shall not be eligible for entitlement under this scheme:
I. Remittances related to Financial Services Sector
1. Raising of all types of foreign currency Loans.
2. Export proceeds realisation of clients.
3. Issuance of Foreign Equity through ADRs /GDRs or other similar instruments.
4. Issuance of foreign currency Bonds.
5. Sale of securities and other financial instruments.
6. Other receivables not connected with the services rendered by the financial institutions.
II. Remittances earned through contract/regular employment abroad (e.g. labour remittances).
(b) Payments received from Export Earners Foreign Currency (EEFC) Account shall not be counted for benefits under the scheme.
(c) The foreign exchange turnover for Healthcare Institutions like equity participation, donations etc. (However remittances received on account of medical treatment, surgery, testing, consultancy and health care provided by the institution shall not be ineligible.)
(d) The foreign exchange turnover for Educational Institutions like equity participation, donations etc. (However remittances received on account of the course fees and consultancy provided by the institution shall not be ineligible.)
(e) Export turnover of units operating under SEZ/EOU/EHTP/STPI/ BTP Schemes or supplies made to such units or products manufactured by them and exported through DTA units
(f) Moreover, the clubbing of turnover of services rendered by these units with the turnover of the DTA units shall also not be allowed.