Incentives for Export of Eligible Services
The SEIS Scheme, introduced under Foreign Trade Policy (FTP) 2015–20, aims to encourage the export of notified services from India by rewarding eligible exporters with duty credit scrips, which can be used for payment of customs duties or traded in the open market.
At SS Industrial Consultancy, we assist service exporters in identifying eligibility, compiling documentation, and successfully filing SEIS claims with DGFT.
Eligibility check based on IEC and service categories
Preparation and online submission of SEIS application
Consolidation of Foreign Inward Remittance Certificates (FIRCs) and e-BRCs
Guidance on HS codes under Appendix 3D
Liaison with DGFT for scrip issuance
Assistance in transfer, sale, or utilization of scrips
Incentive rate of 3% to 7% of net foreign exchange earned
Rewards issued as transferable duty credit scrips
Applicable for services rendered in Mode 1 (cross-border) and Mode 2 (consumption abroad)
Minimum net foreign exchange earning threshold applies
Claims must be filed within 12 months from the end of relevant financial year
Service providers located in India with active IEC
Services must be listed in Appendix 3D
Net foreign exchange earnings must meet prescribed thresholds:
₹10 lakh for individuals/proprietorships
₹5 lakh for others
SEIS benefits for FY 2019–20 and earlier are still claimable (subject to extended deadlines). SEIS has not been continued under FTP 2023, but pending claims and scrip utilization are still processed.
info@ssconsultancy.net
+91 92468 22006
Hyderabad
+91 92468 22006