SERVE FROM EXPORT INDIA SCHEME (SEIS)

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..... SERVE FROM EXPORT INDIA SCHEME (SEIS)
Query (Issue) Started By: - Samir Banerjee Dated:- 20-3-2016 Last Reply Date:- 21-3-2016 Other Topics
Got 3 Replies
Indian Laws
Our client has various Restaurant Pan India Basis. Foreign tourist frequently visit in these restaurants and after dining make payment in foreign exchange and some time make foreign exchange payment through credit cards a .....

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..... lso. Now as per notified list of services mentioned under Para 3D of Foreign Trade Policy,Restaurant services also notified under Tourism Services for SEIS Incentive. My query is whether my client can avail prescribed incentive under SEIS when they are earning foreign currency by rendering notified services, if answer is yes what are the documents required to be furnished to file the claim for inc .....

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..... entive Reply By CS SANJAY MALHOTRA: The Reply: Dear Samir, Your client is eligible for claiming the benefit of SEIS on Net Foreign Exchange earned as per Para 3.07 FTP 2015-20. Application is to be filed on annual basis and the form is yet to be notified. One of the important condition for eligibility is the service provider should have earned Minimum Net Foreign Exchange earnings of US$15,000 .....

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..... /- (10,000 US$ in case of sole proprietor) in preceding Financial Year. Important Documents required are valid IEC at the time of earnings of Foreign Currency, Copy of RCMC (Registration with Export Promotion Council), FIRC (Foreign Inward Remittance Certificate, no need for submission with DGFT but the Foreign Exchange earnings details to be certified by CA), Quarterly returns of forex earnings .....

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..... with export promotion council. Application has to be submitted online at DGFT site and you must have digital signature for filing the same. Reply By Kishan Barai: The Reply: Very true CS SANJAY MALHOTRA Sir. Great Reply By Kishan Barai: The Reply: Respected Samir Banerjee, Kindly refer point 7 from appendix 3D Kindly download from http://dgft.gov.in/exim/2000/pn/pn15/pn0315.pdf
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..... on Forum - Knowledge Sharing .....

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