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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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06/03/2019
Procedure For claiming SEIS export incentives
Export Incentives
CA. Sachin Jindal

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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24/01/2019
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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24/01/2019
Grievance Redressal Mechanism
Circulars
CA. Kapil Mittal

Setting up of an IT Grievance Redressal Mechanism – Snapshots

CBIC on 3rd April 2018 via Circular no. 39/12/2018-GST decided to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal and the relief that needs to be given to them. IT Grievance Redressal Mechanism Where it has been identified that there is a failure in filing returns or forms within the time specified due to IT-related glitch and evidence available to establish bonafide attempt has been made to comply with the process of filing of form or return, GST Council has delegated powers to

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05/04/2018
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