SFIS Scheme-reg

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..... Sir, When we execute the contract for Supply , Fabrication and erection of Storage tank outside india, will it fall under category of Servce from India Scheme?. The contract is lumpsum price and 80% of supply goes from out Side india. The fabrication and erection work (15% of Contract value ) carried out through the sub contractor who is also located outside india under the suprevision of .....

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..... Indian Engineers. Pl clarify; !. can we consider this turnover as export turnover ? 2. Are we eligible for Incentive script under SFIS scheme? if so in which category the contract has to be classified?. Is it appropirate to say, Construction and Erection activity services?. 3. Are we eligbile for getting the Star Trading house Status as the contract value is more Rs.35 Crores Regards .....

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..... N.Balachandran - Reply By Pradeep Khatri - The Reply = Please check the Place of Provision of Service Rules, 2012 in this regard. Since your 80% supply will be resourced from outside of India and 15% of the services will be provided by the subcontractor, therefore, it may be not treated as export of goods and export of services from India for the purpose of availing the benefits of export .....

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..... promotion schemes. - Reply By Pradeep Khatri - The Reply = On remaining 5% services, you may avail the SFIS if you fall under the eligible cretarion. You may not get the Star Trading House Status since the (80% of goods + 15% of Services) are being outsourced and not from India. - SFIS Scheme-reg - Query Started By: - N Balachandran Dated:- 28-8-2012 Customs - Import - Export - Customs .....

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..... - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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