In order to lay emphasis on export of services, under the new Foreign Trade Policy-2015-20, with effect from 01.04.2015, a service Exports from India Scheme (SEIS) has been announced by the Government. It not only replaces Served from India Scheme (SFIS) available under the Foreign Trade Policy-2009-2014, but it rationalize the incentives under the erstwhile schemes, removes various kind of restriction of use of scrip issued under the Scheme and significantly enlarges the scope of the earlier scheme. Unlike earlier Scheme, this scheme has been made applicable to exports by SEZ units also.
SEIS shall apply to “Service Providers located in India” instead of Indian Service Providers. Thus SEIS provides for rewards to all service providers to notified services, who are providing services from India Scheme, regardless of the constitution or profile of the service provider, The Present rates of reward are 3% and 5% of net foreign Exchange Earning.
Objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India. The rewards under the scheme are admissible on exports of notified services rendered on or after 01.04.2015.
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