What is the object of service export from India Scheme and what are the eligibility conditions of obtaining benefits of the same under Foreign Trade Policy 2015-20?

As per Foreign Trade Policy 2015-20, the objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India and to contribute in generating forex through service sectors. Eligibility Conditions for obtaining benefits under Foreign Trade Policy 2015-20: Service Providers of notified services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year. Service provider, then the foreign exchange earnings and Total expenses/ payment/remittances shall be taken into account for service sector only. In order to claim reward under the scheme, Service provider shall have to have an active Importer Exporter Code at the time of rendering such services for which rewards are claimed.