SEIS

GST: Supply of Duty CREDIT Scrips – Impact on Input Tax Credit

DGFT - Duty Credit Scrips are goods as held by many Courts and the supply of the same liable to GST. Duty Credit Scrips covered under HSN 4907 and exempted from 13.10.2017 under S. No. 122A of Notification 2/2017 – CGST (Rate). Prior, it was taxable under GST....

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How To Register RCMC In DGFT Online

DGFT - How To Register RCMC In DGFT Online This article about The DGFT, who has now reported that compelling 1 April 2022, exporters will document a Registration cum Membership Certificate (RCMC)/Registration Certificate on the Common Online Platform? The ongoing methodology of topping off the application structure exclusively to the approved Re...

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Last date for MEIS / SEIS / ROSCTL extended

DGFT - As we all are aware that online E Com portal for filing of MEIS, SEIS, ROSL and ROSCTL scheme was not working for a long which was activated and an end date was provided to claim all such pending authorization upto 31 December 2021. Although, MEIS application for the period September to December 2020 was […]...

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Service Exports from India Scheme | Foreign Trade Policy (2015-20)

DGFT - 1. Objective: To provide rewards to exporters to offset infrastructural inefficiencies and associated cost. Also to encourage and maximize export of notified services from India. 2. Eligibility: A. Service provider located in India shall be rewarded under SEIS. If he provides: a) Supply of services from India to any other country or; b) S...

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Service Exporters: Claim Your Incentive (SEIS Scheme)

DGFT - SERVICE EXPORTERS: CLAIM YOUR INCENTIVE AS PER FOREIGN TRADE POLICY Service Exports India Scheme is an incentive scheme as per the Foreign Trade Policy which aims at rewarding the service exporters. ELIGIBILITY: All the service providers as per the Appendix 3X notification No 29/2015-20 dated 23/9/2021 for the year 2019-20 and Appendix 3D...

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Last Date for filing MEIS / SEIS Application

DGFT - Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exports made till December 2020. In the meantime, the Commerce Ministry has issued Notification No. 26/2015-2020 dated 16 September 2021 to notify Last date for submitting applications for scrip based FTP scheme...

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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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SEIS benefits cannot be denied for not having IEC registration at the time of export

Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court) - Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court) The Hon’ble High Court, Bombay in the matter of M/s Smarte Solutions Pvt. Ltd v. Union of India [Writ Petition no. 503/2021 dated July 27, 2022] directed the department to consider the application for Services Export from India Schem...

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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 to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

Notification No: 53/2015-2020 [S.O.419(E).] - (01/02/2022) - The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022....

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Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Notification No. 48/2015-2020-DGFT [S.O. 5490(E)] - (31/12/2021) - The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.12.2021 has been extended till 31.01.2022....

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MEIS/SEIS/ ROSL/ROSCTL applications will get time barred after 31.12.2021

Trade Notice No. 22/2021-22-DGFT - (02/11/2021) - MEIS/SEIS/ ROSL/ROSCTL Claim- Exporters may kindly note that after 31.12.2021, the Online IT system will not be operational and no applications/claims under the mentioned schemes can thereafter be submitted. It has also been notified that the facility for filing applications, with a late cut provisi...

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Procedure for utilising MEIS Scrip for payment of customs duty

Public Notice No. - 92/2021 - (01/11/2021) - It has been informed by the trade that the facility of recording of transfer and ownership details of MEIS scrip is not functional on the DGFT website for some time now. As a temporary measure, the following procedure is prescribed for an importer intending to utilize the MEIS Scrip for payment of c...

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Eligible services and rates under SEIS for FY 2019-20 notified

Notification No: 29/2015-2020-DGFT [S.O.3948(E).] - (23/09/2021) - List of eligible services and rates under SEIS for services rendered in the FY 2019-20 is being notified. A limit on total entitlement under SEIS has been imposed for service exports rendered in the period 01.04.2019 to 31.03.2020, and capped at Rs. 5 Cr per IEC. Further, it has been notified that t...

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Recent Posts in "SEIS"

SEIS benefits cannot be denied for not having IEC registration at the time of export

Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court)

Smarte Solutions Pvt. Ltd. Vs Union of India (Bombay High Court) The Hon’ble High Court, Bombay in the matter of M/s Smarte Solutions Pvt. Ltd v. Union of India [Writ Petition no. 503/2021 dated July 27, 2022] directed the department to consider the application for Services Export from India Scheme (“SEIS”) benefits on the ground [&...

Read More

GST: Supply of Duty CREDIT Scrips – Impact on Input Tax Credit

Duty Credit Scrips are goods as held by many Courts and the supply of the same liable to GST. Duty Credit Scrips covered under HSN 4907 and exempted from 13.10.2017 under S. No. 122A of Notification 2/2017 – CGST (Rate). Prior, it was taxable under GST....

Read More
Posted Under: DGFT | ,

How To Register RCMC In DGFT Online

How To Register RCMC In DGFT Online This article about The DGFT, who has now reported that compelling 1 April 2022, exporters will document a Registration cum Membership Certificate (RCMC)/Registration Certificate on the Common Online Platform? The ongoing methodology of topping off the application structure exclusively to the approved Re...

Read More
Posted Under: DGFT |

Last Date to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

Notification No: 53/2015-2020 [S.O.419(E).] 01/02/2022

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022....

Read More

Last date for MEIS / SEIS / ROSCTL extended

As we all are aware that online E Com portal for filing of MEIS, SEIS, ROSL and ROSCTL scheme was not working for a long which was activated and an end date was provided to claim all such pending authorization upto 31 December 2021. Although, MEIS application for the period September to December 2020 was […]...

Read More
Posted Under: DGFT |

Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Notification No. 48/2015-2020-DGFT [S.O. 5490(E)] 31/12/2021

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.12.2021 has been extended till 31.01.2022....

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MEIS/SEIS/ ROSL/ROSCTL applications will get time barred after 31.12.2021

Trade Notice No. 22/2021-22-DGFT 02/11/2021

MEIS/SEIS/ ROSL/ROSCTL Claim- Exporters may kindly note that after 31.12.2021, the Online IT system will not be operational and no applications/claims under the mentioned schemes can thereafter be submitted. It has also been notified that the facility for filing applications, with a late cut provision, would also not be available and all ...

Read More

Procedure for utilising MEIS Scrip for payment of customs duty

Public Notice No. - 92/2021 01/11/2021

It has been informed by the trade that the facility of recording of transfer and ownership details of MEIS scrip is not functional on the DGFT website for some time now. As a temporary measure, the following procedure is prescribed for an importer intending to utilize the MEIS Scrip for payment of customs duty....

Read More

Service Exports from India Scheme | Foreign Trade Policy (2015-20)

1. Objective: To provide rewards to exporters to offset infrastructural inefficiencies and associated cost. Also to encourage and maximize export of notified services from India. 2. Eligibility: A. Service provider located in India shall be rewarded under SEIS. If he provides: a) Supply of services from India to any other country or; b) S...

Read More
Posted Under: DGFT |

Service Exporters: Claim Your Incentive (SEIS Scheme)

SERVICE EXPORTERS: CLAIM YOUR INCENTIVE AS PER FOREIGN TRADE POLICY Service Exports India Scheme is an incentive scheme as per the Foreign Trade Policy which aims at rewarding the service exporters. ELIGIBILITY: All the service providers as per the Appendix 3X notification No 29/2015-20 dated 23/9/2021 for the year 2019-20 and Appendix 3D...

Read More
Posted Under: DGFT |

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