SEIS scheme in india? What is SEIS?

SEIS, Service Exports from India Scheme

When shall SEIS come in to force?

SEIS scheme in india? What is SEIS?How to claim SEIS?

The SEIS Scheme shall come into force with effect from the date of notification of this Policy, i.e. the rewards under SEIS shall be admissible for exports made/services rendered on or after the date of notification of this Policy.

SEIS scheme is introduced under Foreign Trade Policy 2015-20 to encourage export of notified Services from India.

Instead of Indian Service providers the term SEIS reads as SERVICE PROVIDERS LOCATED IN INDIA.

The rate of SEIS scheme under Foreign Trade Policy 2015-20 is based on net foreign exchange earned on services. The reward issued as duty credit scrip, would no longer be with actual user condition and will no longer be restricted to usage for specified types of goods but be freely transferable and usable for all types of goods and services tax 3 debits on procurement of services / goods. Debits would be eligible for CENVAT credit or drawback.

The present rates of reward are 3% and 5%. The list of services and the rates of rewards would be reviewed after 30.9.2015.

Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports under SEIS.

In this article we get details from the Government of India website and other documents.

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