Served From India Scheme (SFIS) is one of the reward schemes under Foreign Trade Policy. SFIS is provided to exporters on the basis of export of services. Served From India Scheme under Foreign Trade Policy is operationalized in September, 2009.
Under SFIS scheme, all Indian Service Providers who earns foreign exchange of Indian Rupees ten lakhs in current or preceding financial year is eligible. If the exporter is an individual, the limit of minimum foreign exchange earnings is Rupees five lakhs turn over of foreign exchange, either preceding year or current year.
The duty credit scrip obtained by exporters under SFIS scheme can be used for import of any capital goods, spares, professional equipment, office equipment, office furniture and consumables. The duty credit scrip can also be used to import consumables including food items and alcoholic beverages, in case of hotels, clubs having residential facility of minimum 30 rooms, golf resorts and stand-alone restaurants having catering facilities.
At present under SFIS scheme, the entitlement/goods (imported/procured) are subject to Actual User condition i.e. non-transferable (except within Group Company and managed hotels).
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