SEIS
Description:
As a part of Foreign Trade Policy 2015-20, the Government of India introduced Service Exports from India Scheme (SEIS) replacing other old schemes. This scheme is focused towards providing incentives to the service providers exporting their services to foreign countries.
SEIS Objective:
Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports.
Eligibility:
Service Providers (Company / LLP / Partnership Firm) offering notified services are eligible for this scheme. To be eligible, a service provider should have a net free foreign exchange earnings of USD15000 in the preceding financial year to get duty credit scripts. For proprietorships or individual service providers, a minimum net foreign exchange earnings of USD10,000 in the preceding financial year is required to be eligible.
Benefit:
Service providers exporting their services and earning foreign exchange shall be entitled to a duty credit scrip at notified rates on the net foreign exchange earned. These duty credit scrips can be used for the payment of excise duties, custom duties, service tax on procurement of services, etc. Duty Credit Scrips shall be valid for a period of 18 months from the date of issue.
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Recent Posts
- DGFT Eases Export Rules for Pharma Grade Sugar – Key Changes in ANF-2N Form
- DGFT Simplifies Import Clearance for Pre-Shipment Goods
- Clarification on NPOP Applicability for Organic Textile Exports
- DGFT Notification Correction – Jute Fabric HS Code Revised
- DGFT Issues Three New SIONs Under FTP 2023
- Foreign Trade Policy Update: DGFT Issues New Amendment
- Central Govt. amends Para 2.03 of the Foreign Trade Policy
- Export Policy for Chapter 17 Amended with Immediate Effect
FEATURED ARTICLES
DGFT Eases Export Rules for Pharma Grade Sugar – Key Changes in ANF-2N Form The Directorate General of Foreign Trade…
DGFT Simplifies Import Clearance for Pre-Shipment Goods Great news for importers! The DGFT has clarified a key point under Para…
Clarification on NPOP Applicability for Organic Textile Exports The Directorate General of Foreign Trade (DGFT) recently issued Public Notice No….
DGFT Notification Correction – Jute Fabric HS Code Revised The Directorate General of Foreign Trade (DGFT) has issued a correction…