The information provided here is part of Online export import training guide
Click here for latest update on Export assistance schemes in India
Also read:
Common guidelines to exporters to claim SEIS and MEIS
Who are eligible for SEIS, Services Exports from India Scheme?
Who are not eligible to claim scheme under SEIS?
List of eligible exporters for SEIS, Services Exports from India Scheme
How to utilize duty scrip issued under MEIS and SEIS?
Also read:MEIS Scheme under Foreign Trade Policy of India 2015-2020
SEIS, Service Exports from India Scheme
Here we discuss about SEIS, Services Exports from India Scheme introduced as per Foreign Trade Policy of India 2015-2020 from 1st of April 2015 to 31st of March, 2020.
SEIS, Services Exports from India Scheme under Foreign Trade Policy of India 2015-20 is a modification of SEIS, Served from India Scheme under Foreign Trade Policy 2009-14.
When shall SEIS come in to force?
The SEIS Scheme shall come into force with effect from the date of notification of this Policy, i.e. the rewards under SEIS shall be admissible for exports made/services rendered on or after the date of notification of this Policy.
SEIS scheme is introduced under Foreign Trade Policy 2015-20 to encourage export of notified Services from India.
Instead of Indian Service providers the term SEIS reads as SERVICE PROVIDERS LOCATED IN INDIA.
The rate of SEIS scheme under Foreign Trade Policy 2015-20 is based on net foreign exchange earned on services. The reward issued as duty credit scrip, would no longer be with actual user condition and will no longer be restricted to usage for specified types of goods but be freely transferable and usable for all types of goods and services tax 3 debits on procurement of services / goods. Debits would be eligible for CENVAT credit or drawback.
The present rates of reward are 3% and 5%. The list of services and the rates of rewards would be reviewed after 30.9.2015.
Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports under SEIS.
Click here for latest update on Export assistance schemes in India
As per Foreign Trade Policy 2015-20, SEIS is eligible to units of SEZs, Special Economic Zones.
Also read:
Common guidelines to exporters to claim SEIS and MEIS
Who are eligible for SEIS, Service Exports from India Scheme?
Who are not eligible to claim scheme under SEIS?
List of eligible exporters for SEIS, Service Exports from India Scheme
How to utilize duty scrip issued under MEIS and SEIS?
Also read:MEIS Scheme under Foreign Trade Policy of India 2015-2020
The above details explain about Service Exports from India Scheme (SEIS). If you would like to express your views about SEIS scheme under FTP 2015-20 you may opine below.
The above information is a part of Import Export course online
MEIS and SEIS under Foreign Trade Policy 2015-20
Service Exports from India Scheme (SEIS) as per Foreign Trade Policy 2015-20 (FTP 2015-20)
Service Exports from India Scheme (SEIS) under FTP 2015-20
Common Procedural features applicable to MEIS and SEIS under FTP 2015-20
Port of Registration of Scrips for MEIS and SEIS under FTP 2015-20
Procedure to upload documents by CA, CS or Cost Accountant to claim MEIS and SEIS
Validity period and Revalidation for MEIS and SEIS
Services Exports from India Scheme (SEIS)
Who are eligible for SEIS, Services Exports from India Scheme?
List of eligible service exporters to claim under SEIS, Services Exports from India Scheme
Share your thoughts about this subject SEIS scheme under Foreign Trade Policy 2015-20.
Also read:
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Bank Pre shipment Finance to exporters
Why do carriers balance weight and volume while charging freight amount in Exports?
Why does Palletization require?
Why labeling and marking in Export business?
The term FCL. What is FCL means
The term LCL. What does LCL mean?
Tips to exporters on Documentation
How does First Appraisement system of import customs clearance procedures work?
How does Letter of Credit work?
How does STP units work in India?
How does TT (Telegraphic Transfer) work?
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular shipment
Types of Insurance Documents.
How does Wire transfer work in international business?
How is assessable value calculated by customs for imports?
How is IGM filed under high sea sale?
How many of you know the meaning of Exports and Imports in India?
How many types of imports in India. Types of bills of Entry in India