{"id":39835,"date":"2022-02-04T11:39:48","date_gmt":"2022-02-04T06:09:48","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=39835"},"modified":"2022-02-04T11:41:43","modified_gmt":"2022-02-04T06:11:43","slug":"service-exports-from-india-scheme-aka-seis","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/","title":{"rendered":"Service Exports from India Scheme (aka SEIS): Explained"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Service Exports from India Scheme (aka SEIS) aims to incentivize\nexport of services from India by facilitating duty scrip credit to specific\nexports. Under SEIS, Indian service providers would be rewarded for all\neligible export of services. This article renders complete briefing on Service\nExports from India Scheme formerly known as Served from Indian Scheme <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Eligibility_criteria_for_SEIS_Scheme\" >Eligibility criteria for SEIS Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Expression_for_computing_Net_foreign_exchange_earnings\" >Expression for computing Net foreign exchange earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#An_Overview_on_Duty_Credit_Scrip\" >An Overview on Duty Credit Scrip<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Service_Export_from_India_Scheme_SEIS_Rate_of_Reward\" >Service Export from India Scheme (SEIS) Rate of Reward<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Recreational_Cultural_Sporting_Services_%E2%80%93_5_percent_Rate_of_Reward\" >Recreational, Cultural &amp; Sporting Services&nbsp;\u2013 5\npercent Rate of Reward<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Foreign_Exchange_or_Remittance_that_are_not_eligible_under_SEIS_Scheme\" >Foreign Exchange or Remittance that are not eligible under\nSEIS Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/service-exports-from-india-scheme-aka-seis\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_criteria_for_SEIS_Scheme\"><\/span>Eligibility criteria for SEIS Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>India-based Service Providers relating to notified services can apply for Service Exports from India Scheme.<\/li><li>A service provider (LLP\/Company\/ Partnership entity) should have at least net free overseas exchange earnings of 15000 US dollars in the previous FY to become eligible for duty credit scrips<\/li><li>For individual service providers or proprietorships, mini. net overseas earnings of 10000 dollars in the previous FY is required to become eligible for the scheme. <\/li><li>Besides, to claim reward under the said scheme, the service provider must have a valid IEC i.e. <a href=\"https:\/\/corpbiz.io\/iec-registration\"><strong>Import Export Code<\/strong><\/a> at the time of facilitating such services against which rewards are claimed. <\/li><\/ul>\n\n\n\n<p><strong><em>Note: <\/em><\/strong><\/p>\n\n\n\n<ul><li>Scheme would remain inaccessible in case of Negative Net Foreign Exchange earnings. The same is also true for ineligible categories as notified in public notice 45 released on 5\/Dec\/2017<\/li><li>Service rendered under Modes 1 &amp; 2 only is permitted for claim eligible services.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Expression_for_computing_Net_foreign_exchange_earnings\"><\/span>Expression for computing Net foreign exchange earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The following expression helps in calculating Net foreign exchange\nearnings: <\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Net Foreign Exchange = overall earning of foreign exchange \u2013 Overall\nexpense or remittances or payment of Foreign Exchange<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Overview_on_Duty_Credit_Scrip\"><\/span>An Overview on Duty Credit Scrip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Service providers relating to eligible services have access to duty\ncredit at specified rates on the overall foreign exchange earned<\/p>\n\n\n\n<p>Duty credit scrips can serve various purposes such as payment of\nexcise and custom duties, GST on procurement of service, custom duty in the\nevent of error in meeting export liabilities under Advance Authorization\/EPCG,\netc.<\/p>\n\n\n\n<p>Moreover, the SEIS scheme confers relaxation to the actual user\ncondition &amp; duty credit scrips &amp; items imported utilizing duty credit\nscrips are easily transferable. Duty credit scrip shall remain valid for the\nduration of 18 months for the date of issuance. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Service_Export_from_India_Scheme_SEIS_Rate_of_Reward\"><\/span>Service Export from India Scheme (SEIS) Rate of Reward<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Following are the services and rewards\u2019 rate applicable for service exports\nthat were made between <\/em><\/strong>1-4-2015 to 30-09-2015:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Professional Services \u2013 5% Rate of Reward<\/h3>\n\n\n\n<ul><li>Accounting, auditing and\nbookkeeping services<\/li><li>Legal services<\/li><li>Architectural services<\/li><li>Taxation services<\/li><li>Engineering services<\/li><li>Urban planning and landscape\narchitectural services<\/li><li>Integrated engineering services<\/li><li>Veterinary services<\/li><li>Medical and dental services<\/li><li>Services provided by midwives,\nnurses, physiotherapists and paramedical personnel<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Research &amp; Development (R&amp;D) services \u2013 5 per cent\nrate of reward <\/h3>\n\n\n\n<ul><li>R&amp;D services on social\nsciences &amp; humanities<\/li><li>R&amp;D services on natural\nsciences<\/li><li>Interdisciplinary R&amp;D\nservices<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Rental\/Leasing Services in the absence of Operators&nbsp;\u2013\n5 per cent Rate of Reward<\/h3>\n\n\n\n<ul><li>Relating to aircraft<\/li><li>Relating to ships<\/li><li>Relating to other machinery and\nequipment<\/li><li>Relating to other transport related\nmachinery<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Audiovisual Services&nbsp;\u2013 5 percent Rate of Reward<\/h3>\n\n\n\n<ul><li>Videotape production or Motion picture\nor distribution service<\/li><li>Sound recording<\/li><li>Motion picture projection\nservice<\/li><li>Radio and television\ntransmission services<\/li><li>Radio and television services<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Construction and allied Engineering Services&nbsp;\u2013 5\npercent Rate of Reward<\/h3>\n\n\n\n<ul><li>General Construction undertaking\nfor building <\/li><li>General construction undertaking\nfor civil engineering<\/li><li>Building completion and\nfinishing work<\/li><li>Installation and assembly work<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Educational Services&nbsp;\u2013 5 percent Rate of Reward<\/h3>\n\n\n\n<ul><li>Primary, Secondary and Higher education\nservices<\/li><li>Adult education<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Environmental Services&nbsp;\u2013 5 percent Rate of Reward<\/h3>\n\n\n\n<ul><li>Sewage services<\/li><li>Sanitation and similar services<\/li><li>Refuse disposal services<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Health and Social Services&nbsp;\u2013 5 percent rate of Reward<\/h3>\n\n\n\n<p>Hospital services<\/p>\n\n\n\n<p>Tourism &amp; Travel Services \u2013 3 or&nbsp;5 percent Rate of Reward<\/p>\n\n\n\n<ul><li>Hotel&nbsp;(3 percent Rate of\nReward)<\/li><li>Restaurants&nbsp;(3 percent Rate\nof Reward)<\/li><li>Travel agencies &amp; tour\noperators services&nbsp;(5 percent Rate of Reward)<\/li><li>Tourist guides services&nbsp;(5\npercent Rate of Reward)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recreational_Cultural_Sporting_Services_%E2%80%93_5_percent_Rate_of_Reward\"><\/span>Recreational, Cultural &amp; Sporting Services&nbsp;\u2013 5\npercent Rate of Reward<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Entertainment services\n(including theatre, circus services and live bands)<\/li><li>News agency services<\/li><li>Libraries, museums, archives &amp;\nother cultural services<\/li><li>Sporting &amp; other\nrecreational services<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Transport &amp;&nbsp;Auxiliary&nbsp;Services&nbsp;\u2013 5\npercent Rate of Reward<\/h3>\n\n\n\n<ul><li>Passenger transportation<\/li><li>Rental of vessels with crew<\/li><li>Freight transportation<\/li><li>Maintenance and repair of\nvessels<\/li><li>Supporting services for\nmaritime transport<\/li><li>Pushing and towing services<\/li><li>Rental of aircraft with crew<\/li><li>Airport Operations and ground\nhandling<\/li><li>Maintenance and repair of\naircraft<\/li><li>Rental of commercial vehicles\nwith the operator<\/li><li>Supporting services for road\ntransport services<\/li><li>Maintenance and repair of road\ntransport equipment<\/li><li>Storage and warehouse services<\/li><li>Freight transport agency\nservices<\/li><li>Cargo-handling services<\/li><\/ul>\n\n\n\n<p><strong>Other Business Services \u2013 3 percent Rate of Reward<\/strong><\/p>\n\n\n\n<ul><li>Advertising services<\/li><li>Management consulting service<\/li><li>Market research &amp; public\nopinion polling services<\/li><li>Services concerning management\nconsulting<\/li><li>Technical testing &amp;\nanalysis services<\/li><li>Services incidental to\nagricultural, hunting &amp; forestry<\/li><li>Services incidental to mining<\/li><li>Services incidental to fishing<\/li><li>Services incidental to energy\ndistribution<\/li><li>Services incidental to\nmanufacturing<\/li><li>Investigation and security<\/li><li>Placement and supply services\nof personnel<\/li><li>Related scientific &amp;\ntechnical consulting services<\/li><li>Maintenance &amp; repair of\nequipment (excluding aircraft, maritime vessels, or other transport equipment)<\/li><li>Photographic services<\/li><li>Building-cleaning services<\/li><li>Packaging services<\/li><li>Convention services<\/li><li>Printing, publishing<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Foreign_Exchange_or_Remittance_that_are_not_eligible_under_SEIS_Scheme\"><\/span>Foreign Exchange or Remittance that are not eligible under\nSEIS Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign exchange remittances except those earned for facilitating of notified services would stand ineligible for entitlement. Therefore, other modes of foreign exchange earnings like donations, equity or debt participation, receipts of repayment of loans, and other influx of <strong>foreign exchange<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Foreign_exchange_market\"><strong>[1]<\/strong><\/a><\/sup>, not related to rendering of service, shall not be eligible under the scheme. <\/p>\n\n\n\n<p>As cited above, the service provides must have IEC registration at\nthe time of facilitating such services against which rewards are claimed.&nbsp; <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SEIS Scheme encourages service export from India by facilitating duty scrip credit to eligible exports. This would help service sector to expand its footprint beyond existing market and frequently engaged with cross-border transaction for increased revenue. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-to-start-coffee-export-from-india\/\">How to Start Coffee Export from India?\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Service Exports from India Scheme (aka SEIS) aims to incentivize export of services from India by facilitating duty scrip credit to specific exports. Under SEIS, Indian service providers would be rewarded for all eligible export of services. This article renders complete briefing on Service Exports from India Scheme formerly known as Served from Indian Scheme [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":39839,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[165],"tags":[2104],"acf":{"service_id":"16"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4316,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39835"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=39835"}],"version-history":[{"count":10,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39835\/revisions"}],"predecessor-version":[{"id":39848,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39835\/revisions\/39848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/39839"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=39835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=39835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=39835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}