Services Exports from India Scheme (SEIS)

 

SEIS, Service Exports from India Scheme

 

Foreign Trade Policy 2015-20 bHere 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.

 

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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



Comments


P.VIJAYA BHASKER REDDY: Sir, What is the BRO in import documents bank process. It is required how? What is the process of BRO bank documents for import clearances

Admin: Hi P.Vijaya Bhasker Reddy, Please read http://www.howtoexportimport.com/Bank-Release-Order-BRO-in-Imports-240.aspx

Kaushal Agrawal: Dear Sir / Madam, Please let me know the list of documents for application of SEIS scheme and also confirm the DGFT formalities. Thanks & Regards Kaushal Agrawal

ESSAKI RAJ: Sir, Could you pls tell us some of the services of MEIS SCHEME.

GIRIRAJ: MEIS PROCEDURE (HOW TO TAKE BENEFIT OF THE THIS SCROPT)

Madan Kumar YG: Dear Sir/Madam What and all necessary documents required for SEIS License Registration. Thanks & Regards Madan

Ankit Sharma: Dear Sir, In Third Country Merchant Export, is there any way where in our supplier do not get to know the final destination of cargo. Eg. If I am in India and buying cargo from South Africa and selling to Iran in that case material will move directly from South Africa to Iran. Is there any way that my Supplier in South Africa Do Not know that material will move to Iran (Final destination is Unknown to supplier). Your earliest response would be highly appreciated. Regards Ankit Sharma

R.S. KULKARNI: Dear Sir, Recently we came to know that GSP below 6000 euro is exempted. We require exemption limit for $

Dinesh Deore: Please let me know documents required for SEIS online application.

sudheer stalin : I am Sudheer stalin. you looking nice. u have enormous knowledge in the field of exports and imports.sir i want to study abouts foreing trade which course is suits for me? plz rply me.

Krunal Kalyani: I have been closely reading all your articles and get lots of knowledge by it. Thank you so much sir for guiding us. I have one query regarding Under Chapter 3 benefits. One of my client export his product to USA under 2 different HS CODE, in 1 HS code he is entitled to claim under FPS and other falls under MLFPS in same shipment (EP COPY). My question is can he claim for both the scheme? I spoke to DGFT official at (Gujarat) they said YES as it comes under 37D so they can claim under both this scheme together as duty credit license will be issued as (FPS). Sir kindly requested to guide me the correct way to claim under chapter 3 benefits.

Sarvin Warden: I would like to consult an SEIS expert. Does anyone have a contact?

amit chavan : Hello sir. I have gone through your website it's very interesting and helpful for EXIM business people. Thank you very much sir. Me too an new comer in EXIM business. Respected sir I nees your guidance. As I am interested in export in services. My brother running an stock market tutorial. It's maybe apportunit for me as I can start my export services. I request you , pls guide me in documentation, how to provide services and the rates. Waiting for helping reply

TC Jimmy: Dear Sir / Madam, Please let me know in details to get the forex incentive through SEIS scheme and also formalities and procedure to submit the documents. we are into tourism and gets foreign currencies from our clients abroad. Thanks with Regards TC Jimmy

Jora Dinesh : Respected Sir, Hi, I My customer is in Bangkok and his requirements is seafood but i don't know what was the procedure about that because This is first time i am export my product in international markets and i need help and guidance about this situation

pramod Malhotra: we have been exporting services in the form of providing visual effects and animation but our bankers refuse to upload r-BRC saying we are not eligible can u help sir

Rajan Rajput: Dear Sir / Madam, Please let me know the list of documents for application of SEIS scheme and also confirm the DGFT formalities. Thanks & Regards Rajan R Rajput

Rafeeq Ahmed: Dear Sir / Madam, Please let me know the list of documents for application of SEIS scheme and also confirm the DGFT formalities. And is there online to fillup SEIS Scheme please give a brife details

Pearse: I do consider all of the ideas you have introduced to your post. They are really convincing and will certainly work. Still, the posts are too quick for newbies. May just you please prolong them a bit from subsequent time? Thank you for the post. save refuges

dharmesh: We’re a Delhi based company and have 75 lacs worth of SEIS scrips. Please advise what would be the realisation % on the same cause we would wish to sell them.

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