Friday 14 December 2018 11:46:04 AM

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SEIS Incentives

Services Export from India Scheme (SEIS)

About Service Export from India Scheme (SEIS)

Government of India has introduced the Service Exports from India Scheme (SEIS) under the Foreign Trade Policy (FTP) - 2015-20, replacing the earlier scheme 'Served from India Scheme’ under Foreign Trade Policy, 2009-15. The main objective of the scheme is to make our services globally competitive in terms of price. Under SEIS, the services providers of notified services are incentivized in the form of Duty Credit Scrips at the rate of 3 or 5% on their net foreign exchange earnings. These SEIS scrips are transferrable and can also be used for payment of a number of Central duties/taxes including the basic customs duty. The rewards under SEIS shall be admissible for export of services rendered on or after 01.04.2015, i.e. the date of notification of the Foreign Trade Policy 2015-20.

Eligibility Criteria

To avail SEIS benefits –

  • Service provider should have minimum net free foreign exchange earnings of US$15,000 in the year of rendering the services.
  • For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in financial year when the services have been rendered.
  • Service provider shall have to have an active Import Export Code (IE Code) at the time of rendering such services for which rewards are claimed.

Once the service provider fulfils the above eligibility conditions, he can claim the benefits of SEIS in the form of Duty Credit Scrips but only for those services which are listed in Appendix 3D (Attachment Given at the bottom of page along with rate of rewards).

How to apply for SEIS Benefits

An Online Application needs to be filed on the DGFT Server and the relevant fields of information need to be entered in the SEIS ECOM Module. All the relevant forms which are ANF3B and Annexure to ANF3B are available online. You may also refer the link http://dgft.gov.in/links/appendices-and-anf-ftp2015-2020 on the DGFT Server to view the Forms applicable for SEIS Application.

Registration with Service export Promotion Council

Whether you are a manufacturer or a services provider, RCMC (Registration Cum Membership Certificate) from the relevant export promotion council is compulsory in your main line of business. As per Public Notice No. 26/2015-2020 dated 01.08.2018 issued by Directorate General of Foreign Trade, Department of Commerce to add an “Others” category in list of 14 service sectors of SEPC. Now all the services are covered by SEPC along with 14 service sectors explicitly mentioned earlier. Therefore, if you are a services provider and want to avail SEIS incentives, then SEPC RCMC is compulsory.

Statistics on SEIS Scrips

During the FY 2018, a total of 5569 numbers of SEIS scrips with amount of 3475 Crore has been claimed. In total, state wise and zonal wise number and amount of scrips are as follows-

Seis scrips
Seis Value
Zone Graph