Department of Commerce to overhaul export scheme for services sector

The Department of Commerce is working towards overhauling the export boosting scheme for the services sector — Service Exports from India Scheme (SEIS) — with the expressed objective of supporting pandemic-hit sectors like tourism, hospitality, education, and health care.

The scheme is expected to be a part of the new foreign trade policy expected to be rolled out by the Directorate General of Foreign Trade next month, said people in the know.

“The Department of Commerce is working towards a new (revamped SEIS) scheme to boost services exports that is compliant with the World Trade Organization norms. The idea is