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Introduction To "Services Export From India Scheme" (SEIS)

The document summarizes India's Services Export from India Scheme (SEIS). It introduces SEIS as an export incentive program under India's Foreign Trade Policy (2015-2020) that provides duties credits of 3-7% of net foreign exchange earned from exports of eligible services. Eligible service exporters can use the duty credit scrips to pay customs duties or central excise duties. To qualify for SEIS, services must be exported from India and the exporter must have an Importer Exporter Code and not be a unit in specific zones like Software Technology Parks of India.

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Prathaamesh Chorge
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142 views6 pages

Introduction To "Services Export From India Scheme" (SEIS)

The document summarizes India's Services Export from India Scheme (SEIS). It introduces SEIS as an export incentive program under India's Foreign Trade Policy (2015-2020) that provides duties credits of 3-7% of net foreign exchange earned from exports of eligible services. Eligible service exporters can use the duty credit scrips to pay customs duties or central excise duties. To qualify for SEIS, services must be exported from India and the exporter must have an Importer Exporter Code and not be a unit in specific zones like Software Technology Parks of India.

Uploaded by

Prathaamesh Chorge
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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2019

Introduction to
Introduction to

“Services Exportfrom
“Service Exports from
India Scheme” (SEIS)
India Scheme” (SEIS)

February 2019
Private & Confidential

Foreign Trade Policy (2015-20)

• “Ministry of Commerce and Industry, Government of India” announces its “Foreign Trade
Policy” (FTP) after almost every five (5) year, which remains in force for a period of next five
(5) years

• The procedural guidelines are being provided by “Directorate General of Foreign Trade (DGFT)”
through Handbook of Procedures, Appendices, Aayat Niryat Forms and related notifications,
circulars, etc.

• Foreign Trade Policy (2015-20), has come into force with effect from on April 1, 2015 and shall
remain effective up to March 31, 2020. Trade facilitation and ease of doing business are the
major focus areas of FTP (2015-20)

• In FTP (2015- 20), a new export incentive schemes namely Services Exports from India
Scheme was introduced.

• This schemes replaced other schemes from earlier policy which were subject to different
conditions

“Creating Possibilities, Delivering Values”


Private & Confidential

Services Export From India Scheme (SEIS)

• In order to encourage export of certain services from India, Service Exports from India Scheme
(SEIS) under Foreign Trade Policy (2015-20) was established on April 1, 2015.

• Under SEIS, exporters of eligible services are eligible for incentives of 3% to 7% of net foreign
exchange earned from exports of these services from India, regardless of their constitution,
subject to certain conditions.

• The eligible services and their corresponding incentive percentages are being notified in the
“Appendix to Annexure 3D” of the Foreign Trade Policy (2015-20).

• Additionally to be entitled to claim SEIS, the services shall have been exported or supplied in
following manner

 From India to consumer of service in any other country (Mode1:Cross Border Trade)

 From India to consumer of service of any other country, in India (Mode 2:Consumption
abroad)

“Creating Possibilities, Delivering Values”


Private & Confidential

Duty Credit Scrips

• SEIS incentives are provided in form of certificates of face value, which are called Duty Credit
Scrips

• Duty credit scrips issued under the Foreign Trade Policy (2015-20) can be used for followings:

 Payment of Basic Customs Duty and Additional Customs Duty payable, except for
restricted products

 Payment of Central Excise Duties on domestic procurement

• Duty Credit Scrips are transferable in nature, hence be purchase and sold legally, hence can be
encashed

• Duty Credit Scrips are valid for a period of 24 months from the date of their issuance

• The applicable GST currently, on transfer of Duty Credit Scrips, is 0% (Zero Percent)

“Creating Possibilities, Delivering Values”


Private & Confidential

Eligibility and Ineligibility

• Units in “Special Economic Zones” (SEZs) can claim SEIS , against their foreign exchange
earnings from eligible services export

• Not available for units resisted under Software Technology Parks of India(STPIs)/Electronic and
Hardware Technology Parks(EHTP)/Export Oriented Units (EOUs)/Biotechnology Parks (BTP)

• Following shall not be taken into account for SEIS

 Foreign Exchange Remittance received as payment to third party


 Foreign Exchange from Financial transactions
 Funds raised as Equity /Loan contribution of any form
 Donations received in Foreign Exchange
 Mixing of turnover of eligible services rendered by STPI/EHTP/EOU/BTP units with
turnover of DTA Unit
 Mixing of Foreign Exchange Earnings from ineligible services with eligible services

• Service Provider should have an active Importer Exporter Code (IEC) to claim SEIS

“Creating Possibilities, Delivering Values”


Private & Confidential

“Creating Possibilities, Delivering Values”

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