Service Exports from India Scheme (SEIS)

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 the Scheme

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.

Salient Features of the Scheme

  • Apply to “Service Providers located in India” instead of Indian Service Providers.
  • Provides for rewards to all Service providers of notified services, who are providing exporting services from India, regardless of the constitution or profile of the service provider.
  • Rewards under SEIS are based on net foreign exchange earned. (Net foreign Exchange = Gross earning of foreign exchange-total expenses/payment/remittances relating to services sector in the F/Y.)
  • Reward issued as duty credit scrip is freely transferable and usable for all types of goods.
  • Debits are eligible for CENVAT credit or drawback.
  • Certain specified categories of services are not eligible for benefit under the Scheme.
  • Scrip can be used for payment of (i) Customs Duties for import of inputs or goods, except items listed in Appendix 3A; (ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods (iii) Payment of service tax on procurement of services and (iv) payment of Customs Duty and fee (in case of bona fide default under authorization)
  • The services and rates of rewards notified are applicable for services exports made between 01.04.2015 to 31.03.2016.
  • Rs.1,000/- ( Rupees one thousand only) is to be deposited towards fee for application for duty credit scrip under rewards/incentive scheme

How we assist

We may assist you:-

  • To Identify and check eligibility to get the benefits under the scheme.
  • In documentation, preparation of application, On line filing of application and Coordination with Concerned Authority to get the Duty credit scrip.
  • Realization of value of the scrip in cash or assistance in utilization of the scrip for payment of Customs Duty /Excise duty/Services tax etc. as the case may be.
  • We may also give presentation for better understanding of the scheme.
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