SEIS – SERVICE EXPORT INCENTIVE SCHEME
IF YOUR ANSWER TO ANY IS YES, SERVICE EXPORT FOR INDIA SCHEME (SEIS) IS A SCHEME YOU MUST CONSIDER
3 – 7% INCENTIVE : Upto 7% incentive on your Net Foreign Exchange Revenue in the form of Freely Transferable Duty Scrips, that is , almost equivalent to a cash subsidy.
FOREIGN TRADE POLICY 2015-20 : Service Export for India Scheme is a government scheme introduced under the FTP 2015-20.
ELIGIBLE SERVICE : Scheme prescribes a vast list of eligible services, determination of such entitlement done through verification of documents and records
IMPORT – EXPORT CODE (IEC) : A pre-requisite for availing the scheme. The incentive will be available for the years following the year when the IEC has been obtained. However, not for the years before 2015