SEIS – SERVICE EXPORT INCENTIVE SCHEME

 

ARE YOU RECEIVING FOREIGN EXCHANGE REVENUE IN ANY OF THE FOLLOWING FORMS?

IF YOUR ANSWER TO ANY IS YES, SERVICE EXPORT FOR INDIA SCHEME (SEIS) IS A SCHEME YOU MUST CONSIDER

WHAT IS THE SEIS ALL ABOUT?

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

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