SEIS

Export of Services- SEIS – Export Incentive to Service Industry

DGFT - Export of Services- An Insight- Service Exports from India Scheme (SEIS)- Export Incentive to Service Industry Executive Summary ♦ SEIS scheme was introduced on 1st April 2015 under the Foreign Trade Policy of India 2015-2020. ♦ The purpose for the SEIS scheme is to make export of Indian services more competitive in international mark...

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Reversal of ITC in case of MEIS/SEIS sales?

DGFT - Under the FTP 2015-20, MEIS/SEIS intends to incentivise exports of goods manufactured in India or produced in India. The duty credit scrips can be utilised to pay customs duties on import of inputs or goods, safeguard duty, anti-dumping duty and any other customs duty under FTP 2015-20....

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Export benefits in India

DGFT - Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous production. To encourage the exporter every country provides a lot of benefits in terms of Duty Drawback etc. India is not behind compared to any other [&hel...

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Appeal v Review v SCN: Chaos created by DGFT

DGFT - Service Exports from India Scheme (SEIS) was introduced under the Foreign Trade Policy (FTP) 2015-20 with the objective to promote and encourage the export of services from India. Under this scheme, the exporters of notified services are rewarded at the rates specified under Appendix 3D. The incentive is provided in the form of a duty [&h...

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Exporters Bonanza – SEIS

DGFT - Exporters Bonanza If you are exporting the services, your net profit can be increased by 5% to 7% because Indian government is giving incentive on service exports? There is a scheme Service Export from India Scheme (SEIS) in Foreign Trade Policy 2015-20 where Government of India has notified various eligible services, rates & conditio...

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Government Provides Big Boost to Exporters

DGFT - Under the decisive leadership of Hon’ble Prime Minister Shri NarendraModi, Government of India has decided to budget Rs 56,027 crore in this Financial Year FY 21-22 itself in order to disburse all pending export incentives due to exporters. This amount includes claims relating to MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relat...

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SEIS benefit for year 2019-20- Suresh Prabhu writes letter to Piyush Goyal

DGFT - I have received request from the Service Exporters for issuance of long pending Service Exports from India Scheme (SEIS) Notification by DGFT for the year 2019-20....

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Request for Issuance of SEIS notification for 2019-20

DGFT - SEPC has recently submitted a representation to Hon’ble Minister of Finance Smt. Nirmala Sitharaman to take note of the concerns of the services sector and give the approval for release of SETS notification for the year 2019-20. Full text of their letter is as follows:- SERVICES EXPORT PROMOTION CONCUIL (Set by Ministry of Commerce ...

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Service Providers rendering services to Telecom Service Providers eligible SEIS benefit

Ericsson India Global Services Pvt. Ltd. Vs Union of India (Delhi High Court) - Service Providers in Telecom Sector” meant and included only the Telecom Service Providers of services mentioned therein. The ambit and scope of such exclusion was not of Service Providers who render services to such Telecom Service Providers. Though, a similar list was not appended to FTP or HBPv...

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Last date for submission of application for MEIS, SEIS, ROSCTL, ROSL

Notification No: 26/2015-2020 - (16/09/2021) - The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) has been notified to be 31.12.2021, in supersession of any such provision in the Hand Book of Procedures, 2015­-20 going forward. Further, the validity of any scrip is...

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Acceptance & issuance of claims under MEIS, SEIS, ROSL, ROSCTL on hold

Trade Notices No. 08/2021-22-DGFT - (08/07/2021) - issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in the allocation procedure. During this period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted app...

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Recent Posts in "SEIS"

Last date for submission of application for MEIS, SEIS, ROSCTL, ROSL

Notification No: 26/2015-2020 16/09/2021

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) has been notified to be 31.12.2021, in supersession of any such provision in the Hand Book of Procedures, 2015­-20 going forward. Further, the validity of any scrip issued under FTP from the date […]...

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Government Provides Big Boost to Exporters

Under the decisive leadership of Hon’ble Prime Minister Shri NarendraModi, Government of India has decided to budget Rs 56,027 crore in this Financial Year FY 21-22 itself in order to disburse all pending export incentives due to exporters. This amount includes claims relating to MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relat...

Read More
Posted Under: DGFT |

Acceptance & issuance of claims under MEIS, SEIS, ROSL, ROSCTL on hold

Trade Notices No. 08/2021-22-DGFT 08/07/2021

issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in the allocation procedure. During this period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips...

Read More

Export of Services- SEIS – Export Incentive to Service Industry

Export of Services- An Insight- Service Exports from India Scheme (SEIS)- Export Incentive to Service Industry Executive Summary ♦ SEIS scheme was introduced on 1st April 2015 under the Foreign Trade Policy of India 2015-2020. ♦ The purpose for the SEIS scheme is to make export of Indian services more competitive in international mark...

Read More
Posted Under: DGFT |

Reversal of ITC in case of MEIS/SEIS sales?

Under the FTP 2015-20, MEIS/SEIS intends to incentivise exports of goods manufactured in India or produced in India. The duty credit scrips can be utilised to pay customs duties on import of inputs or goods, safeguard duty, anti-dumping duty and any other customs duty under FTP 2015-20....

Read More
Posted Under: DGFT |

Export benefits in India

Every country believes in keeping foreign reserves on a higher side to balance the economy. For that purpose, every economy tends to encourage the exports and motivate the indigenous production. To encourage the exporter every country provides a lot of benefits in terms of Duty Drawback etc. India is not behind compared to any other [&hel...

Read More
Posted Under: DGFT |

Service Providers rendering services to Telecom Service Providers eligible SEIS benefit

Ericsson India Global Services Pvt. Ltd. Vs Union of India (Delhi High Court)

Service Providers in Telecom Sector” meant and included only the Telecom Service Providers of services mentioned therein. The ambit and scope of such exclusion was not of Service Providers who render services to such Telecom Service Providers. Though, a similar list was not appended to FTP or HBPv1, there was no reason for a different i...

Read More

SEIS benefit for year 2019-20- Suresh Prabhu writes letter to Piyush Goyal

I have received request from the Service Exporters for issuance of long pending Service Exports from India Scheme (SEIS) Notification by DGFT for the year 2019-20....

Read More
Posted Under: DGFT |

Request for Issuance of SEIS notification for 2019-20

SEPC has recently submitted a representation to Hon’ble Minister of Finance Smt. Nirmala Sitharaman to take note of the concerns of the services sector and give the approval for release of SETS notification for the year 2019-20. Full text of their letter is as follows:- SERVICES EXPORT PROMOTION CONCUIL (Set by Ministry of Commerce ...

Read More
Posted Under: DGFT |

Appeal v Review v SCN: Chaos created by DGFT

Service Exports from India Scheme (SEIS) was introduced under the Foreign Trade Policy (FTP) 2015-20 with the objective to promote and encourage the export of services from India. Under this scheme, the exporters of notified services are rewarded at the rates specified under Appendix 3D. The incentive is provided in the form of a duty [&h...

Read More
Posted Under: DGFT |

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