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 clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat
- Central Government amends the export policy of Food Supplements containing Botanicals
FEATURED ARTICLES
DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation Implementation of the Trade Notice 07/2023-24 dated 08th June, 2023,…
DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential) The DGFT had issued a final trade notice for the…
DGFT amends the Export Policy of Food Supplements containing Botanicals DGFT announces an amendment in the Export Policy of Food…
DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear DGFT revises specific Standard Input Output Norms for…