Service Exports from India Scheme (SEIS)
SEIS is an Incentive Scheme introduced in the Foreign Trade Policy (FTP) of India (2015-2020). It was earlier called as Served from India scheme under FTP (2009-2014). Incentive schemes are schemes which entitle the exporters to duty credit scrips subject to various conditions.
The main objective of SEIS is to encourage export of notified services from India. Service Providers of notified services, located in India, shall be rewarded under SEIS. This scheme applies to export of services made on or after 01.04.2015.
SEIS duty credit scrips are freely transferable, i.e., they can be sold in the market, if the holder of the duty credit scrip does not intend to import services against the scrips.
These scrips can be used for payment of Basic Customs Duty at the time of import of goods, including notified capital goods.
Eligible Service Providers
A service provider located in India, providing notified services rendered in the specified manner shall be eligible for reward at the notified rate(s) on the net foreign exchange earned provided that the net free foreign exchange earnings of such service provider in the financial year is:
- US$ 10,000 for individual service providers and sole proprietorship.
- US$ 15,000 for other service providers.
Net foreign exchange earnings of services only have to be taken into account for a person who is a manufacturer as well as service provider. The benefit under this scheme ranges from 3% to 10% on Net Foreign Exchange earned.
Also, ineligible categories under SEIS have been notified.
While claiming incentives under this scheme, the following remittances cannot be considered as net foreign exchange earned:
- Remittances earned for services other than notified services.
- Any other source of remittance such as donations, repayment of loans, capital inflow, etc not related to rendering of notified services.
SERVICES WE OFFER
Our company provides consultancy and services related to Import, Export, Customs, DGFT, Central Excise and GST and has amassed abundant expertise over the years in the field of DGFT Consultancy Services. We provide very reliable service at the most competitive prices. We aim to provide all services required by the exporter under one roof. Our SEIS License Services include the following:
- Preparation of documentation to provide a hassle-free process & easy to prepare application.
- Preparation and submission of online applications under the scheme, and obtaining the license from DGFT.
- Assistance in the registration of the license at Customs. And sale to the concerned buyer.
- Assistance for preparing documents to Transfer the License to eligible buyer through Sale or for Purchase of License from Sellers.
- Provide consultancy to the exporter to confirm the eligible benefit for their product and the country from whom they export.
- Updating the clients with regular policy amendments of rules and regulations of the Foreign Trade Policy by for effective Compliance.
