SEIS (Service Exports From India Scheme)
SEIS (Service Exports From India Scheme)
Nature of Reward: – Duty Credit Scrips shall be granted as rewards under SEIS. It will be freely transferable. Therefore, if exporter is not in position to use the Duty Credit Scrips, he can sell the same in market.
SEIS is scheme introduced to promote export of services from India. Scheme was introduced under Foreign Trade Policy 2015-20. Object of this scheme is to encourage service exports. This incentive scheme is eligible for Certain list of service exporter who have valid IEC and RCMC. Earlier benefits of SEIS was not available to SEZ units However new Act had extended its benefits to SEZ units. On net foreign earning benefit of SEIS is get calculated.
We are SEIS Consultant to help you in SEIS Services , determine amount of SEIS , prepare application and submit to DGFT. Over period of time we helped may clients for SEIS benefits from Pune , Mumbai , Nashik, Aurangabad. We provide SEIS Services under one ruff from SEIS application to Sale of SEIS Script.
Eligibility SEIS (Service Exports From India Scheme)
- Service Provider Must have Valid Active IEC
- For Company : Minimum Trade $ 15000 in Previous Year
- For Individual : Minimum Trade $ 10000 in Previous Year
- Services listed in Appendix 3E are only eligible
- RCMC Required
Highlights of SEIS Scheme
Service Export Benefit
The SEIS scheme grants benefits of up to 7% as compared to earlier scheme. Exporter gets upto 5% of export Duty Credit if exporter is not in position to use the Duty Credit Scrip, he can sell Scrip
Use Of Script
SEIS scheme grants benefits of up to 5% of exports. Exporter can use the credit scrips for various payments. SEIS Scheme defines for which payment exporter can utilize the scrips.
Sale of Scrips
SEIS shall be granted as rewards under export promotion. It will be freely transferable. Therefore, if exporter is not in position to use the Duty Credit Scrip, he can sell the same in market