SEIS- Service Exports from India Scheme

 Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing 5 or 7 % Incentive on Net foreign income in the form of  duty credit scrips for eligible exports. Under the scheme, service providers, located in India, would be rewarded under the SEIS scheme, for all eligible export of services from India. In this article, we look at the Service Exports from India Scheme in detail. Service Exports from India Scheme was earlier termed as Served from India Scheme (SFIS).

SEIS  Eligibility

1. Service Providers of notified services must be located in India

2. (Company / LLP / Partnership Firm) should have a minimum net free foreign exchange earnings of USD15000 in the preceding financial year 

3. For proprietorships or individual service providers, a minimum net foreign exchange earnings of USD10,000 in the preceding financial year 

4. Service provider must have an active Import Export Code (IEC) at the time of rendering such services for which rewards are claimed.

Nature of Incentive -  Duty Credit Scrips

1. Duty credit scrips can be used for the payment of custom duties, excise duties, service tax

2. Duty credit scrips are freely transferable and can be monetized. Duty credit scrip would be valid for a period of 24 months from the date of issue.

Our Expertise and Role - End to End Process done by our team with Success based fee, no consulting, processing or monetizing charges

 

1. Checking Eligibility

2. Documentation

3. Application

4. Submission

5. Receiving the duty credit scrips and

6. Registeration at a Port

7. Monetization of these scrips.

Eligible Services for SEIS

  • Professional Services                           

    • Legal services

    • Accounting, auditing and bookkeeping services

    • Taxation services

    • Architectural services

    • Engineering services

    • Integrated engineering services

    • Urban planning and landscape architectural services

    • Medical and dental services

    • Veterinary services

    • Services provided by midwives, nurses, physiotherapists and paramedical personnel

  • Research and Development Services

  • Rental/Leasing Services without Operators 

  • Audiovisual Services ​

  • Construction and Related Engineering Services ​

  • Educational Services  ​

  • Environmental Services ​

  • Health and Social Services ​

  • Tourism ,Travel and Hotel Services 

  • Recreational, Cultural and Sporting Services 

  • Transport/ Cargo & Auxiliary Services 

  • Advertising services

  • Market research and public opinion polling services

  • Management consulting service

  • Services related to management consulting

  • Technical testing and analysis services

  • Services incidental to agricultural, hunting and forestry

  • Services incidental to fishing

  • Services incidental to mining

  • Services incidental to manufacturing

  • Services incidental to energy distribution

  • Placement and supply services of personnel

  • Investigation and security

  • Related scientific and technical consulting services

  • Maintenance and repair of equipment (not including maritime vessels, aircraft or other transport equipment)

  • Building- cleaning services

  • Photographic services

  • Packaging services

  • Printing, publishing

  • Convention services

 

Ineligible for SEIS Scheme

1. Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement.

2. Other sources of foreign exchange earnings such as equity or debt participation, donations, receipts of repayment of loans etc. and any other inflow of foreign exchange, unrelated to rendering of service.

3. EOU, EHTP/ STPI & BTP  units. 

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Contact Us

Our Locations:- 

Pune- 796/ B-16,  Bhandarkar road, Deccan Gymkhana, Pune- 411004.

Mumbai- 304, Green Crest, Yamunagar, Andheri, Mumbai- 400053

Phone: +91- 9370890321

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