Tourism Breaking News
Madan Prasad Bezbaruah, Secretary-General, Hotel Association of India (HAI), has said in a statement that Government should immediately open online applications for hotels to claim the benefits under SEIS for FY 2019-20. “We appeal to the Government of India to make the online application process available to hotels. These benefits are offered to hoteliers as a fixed percentage of their annual net foreign exchange earnings. The incentive enables hotels to subside input costs of imports and facilitates Indian hospitality to match global standards of hotels that a foreign tourist is accustomed to. Given the hardship that hotels are going through since March, this delay may prove to be a crippling injury to an industry that is struggling with a force majeure scenario. The request to allow the hotels to avail the SEIS benefits that have already accrued to them for the year 2019-20 is fair and legitimate and should be acceded to. It is not a concession,” he said.
HAI has urged the government to look into the matter urgently and has submitted a representation to Directorate General of Foreign Trade (DGFT) to this effect. They claim that the process will go a long way in providing some relief to the hospitality sector which has been heavily burdened with high fixed costs of salaries, utilities, and licenses, etc.
