SEIS

All about IEC Code
Export Incentives
CA. Sachin Jindal

All about Import Export Code | IEC CODE

Importer Exporter Code (‘IEC code’) is a unique 10 digit code issued by the Director-General of Foreign Trade (‘DGFT’) of the Ministry of Commerce under the Government of India. Import Export Code (IEC) is a unique identifier for all international trade transactions undertaken by India. Import Export Code (IEC code) is a registration required for persons importing or exporting goods and services from India. Import Export Code (IEC code) is issued only to Indian entities and individuals in order to enable them to undertake International Trade.  As per the Foreign Trade Policy, Import Export Code (IEC code) Registration is mandatory

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export Incentives
Export Incentives
CA. Kapil Mittal

Export Incentives in India | Incentives for Exporters

As a developing economy, India relies significantly on foreign exchange inflows to simulate growth, sustain imbalances and meet its economic and social objectives. Export promotion has always been one of the top priorities for the Government of India. Several export promotion programs have been introduced from time to time with a special focus on the Indian MSME sector. The export promotion programs are in the form of granting incentives to exporters, concessional tax rates, exemption from input taxes etc. Some of the export incentives in India currently in force are: Concessional Tax Rates for Merchant Exporters Exemption for Ocean Freight

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Duty Credit Scrips (DCS)
Export Incentives
CA. Kapil Mittal

All about Duty Credit Scrips (DCS)

Duty Credit Scrips (DCS) is one of the export promotional benefit provided by the Government of India to the Indian exporters. The DCS benefit to exporters facilitates exports and fosters foreign exchange inflows into India. The Foreign Trade Policy 2015-2020 prescribes the features and detailed provisions governing Duty Credit Scrips (DCS). The Ministry of Commerce and Industry of the Government of India along with the Director-General of Foreign Trade (‘DGFT’) implement and administer the scheme. The objective of duty credit scrips (DCS) is to promote exports by way of providing a tax incentive on exports to be set off against

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Procedure For claiming SEIS export incentives
Export Incentives
CA. Kapil Mittal

Application Procedure For claiming SEIS export incentives

1. Introduction With effect from 1st April 2015, ‘Service Export from India Scheme’ (SEIS) replaced the erstwhile ‘Served from India Scheme’ (SFIS). One can easily follow the procedure for claiming SEIS export incentives SEIS applies to ‘Service providers located in India’ instead of erstwhile ‘Indian Service Providers’. The main objective of SEIS is to provide benefits to all the service providers located in India, instead of only Indian Service Providers. In the earlier articles, we have already seen the eligibility and ineligibility criteria and the available benefits under SEIS. Under the present article, we would analyze the procedure for claiming

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SEIS Incentives
Export Incentives
CA. Kapil Mittal

SEIS Export Incentive | SEIS Incentives

1. What is SEIS Incentives (Service Exports from India Scheme) Under the Foreign Trade Policy, the ‘Exports from India Scheme’ was introduced with the objective to provide rewards to the exporters to offset the infrastructural inefficiencies and associated costs. Following are the three schemes for export of Merchandise and Services – Merchandise Exports from India Scheme (MEIS) for merchandise exporters Service Exports from India Scheme (SEIS) for Service exporters Export promotion capital goods scheme (EPCG Scheme) Chapter 3 of the Foreign Trade Policy 2015-2020 contains provisions relating to the ‘Exports from India Scheme’. The Service Exports from India Scheme (SEIS)

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