SEIS Export Incentives​

SEIS export incentives is an process involving submission of several business details along with certain supporting documents.  Prior to the applying for SEIS export incentives, a critical analysis of various business and transactional aspects like – nature of business, types of  services, rigorous follow up etc. are required to be undertaken.

We, at V J M Associates LLP  are equipped to provide qualitative value added services through the entire process of getting SEIS Export Incentive.  Our dedicated team is available to offer end to end services in accordance with your requirements and clarify your questions.

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Know More about SEIS Incentives

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 two schemes for export of Merchandise and Services –

  1. Merchandise Exports from India Scheme (MEIS).
  2. Service Exports from India Scheme (SEIS).

Chapter 3 of the Foreign Trade Policy 2015-2020 contains provisions relating to the ‘Exports from India Scheme’.

Service provider of only those services which are notified in Appendix 3D and Appendix 3E, located in India, shall be rewarded under SEIS.

Appendix 3D: List of services eligible under Services Export from India Scheme along with rate of Incentives.

Appendix 3E: List of services where payment has been received in Indian rupees which can be treated as receipts in deemed foreign exhange as per guideline of RBI

In order to get eligible for SEIS, the services need to be rendered in the manner provided at Para 9.51(i) and Para 9.51(ii) of the Foreign Trade Policy 2015-2020 and the same is provided below –

Para 9.51(i) – Supply of a service from India to any other country (Mode1 – Cross border trade)

Para 9.51(ii) – Supply of a service from India to service consumer of any other country in India (Mode2 – Consumption abroad).

The service provider needs to have a minimum ‘net foreign exchange earnings’ (explained below) of US$ 15,000 in the year of rendering service in order to get eligible for Duty Credit Scrip.

Non Holder of IEC

Foreign exchange remittance other than those earned for the rendering of the notified service would be ineligible under SEIS.

As per para 9.10 of the Handbook of Procedures 2015-2020, on receipt of SEIS application, the department needs to disposed it off in 3 working days. Only in case of any deficiencies / discrepancies in the file, the longer processing time is allowed.

In SEIS, the benefit is available to the eligible service provider of the notified service in the form of ‘Duty Credit Scrips’. The issuance of ‘Duty Credit Scrips’ would be based on the notified rates listed in Appendix 3D on the net foreign exchange earnings. The said notified rates vary from 5% to 7% on the notified services.

An online application needs to be filed on the DGFT server and all the relevant fields of information need to be entered in the SEIS ECOM Module.

Application form ANF 3B and Annexure to ANF 3B are available online.

It must be noted that, vide public notice no. 15/2015-2020 dated 28th June, 2018, new ANF 3B has been made effective.

What they say about us

We give full credit to VJM for streamlining our company’s GST compliance. Their dedicated team of learned professionals have a focussed approach & exceptional clarity when it comes to any questions pertaining to GST. I can say, without their support, it would not have been possible for us to sail past the initial turbulent period when GST was launched. Our best wishes always with them !
Siddharth Gupta
CEO, Craft Home, Export House

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Client is the key driver of our service offerings.  Our approach to service offerings is based on a client centric and customised approach.  Our specialised teams are a mix of technical and industry experience in order to serve clientele for their specific needs.

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