SEIS (Services Export from India Scheme)

For Whom

The benefit is available to exporters of various services who are eligible as per notified in Appendix 3D.

Any other service which is not notified in the Appendix will not be eligible for the benefits of SEIS.

PREREQUISITES

• IEC (importer Exporter Code) Certificate is a must for every exporter to avail the benefits.
• The information furnished in the IEC should be accurate since that acts as basis in SEIS benefits
• RCMC (Registration cum Membership Certificate) should be obtained from SEPC
  (Services Export Promotion Council).
• A list of Documents are required at different stages for obtaining certain certificates which are required in filing of SEIS return.]
• DGFT class DSC are a must to login for SEIS return which is required to be furnished in order to obtain benefits.

How We Can Help?

At we help our clients from start till end. It means with the client’s cooperation in providing the documents required at different stages on timely basis, we help in the following manner:

• Obtaining IEC from Regional Office of DGFT.
• Filing of RCMC at SEPC and procurement of certificate.
• Issuing the DGFT class DSC with our association with E-mudhra
• Complling the data provided and issuing CA certificate for ANF-3B
• Ultimately filing the ANF-3B with the Office of DGFT.
• Looking after the entire procedure till the scrips are issued.
• Also helping our clients in advising them over the use of scrips for utmost benefit.

OBTAINING IEC

• First we need to prepare an application in Form ANF(Aayat Nirayat Form)-2A and file it with Regional Office at DGFT.
• Then we need to prepare certain documents for verification of the data entered.
• After completing the application we need to file the form with DGFT.
• After approval by the Office of DGFT we will receive soft copy of the certificate with IEC number.

Documents Required

FOR IEC CERTIFICATE

• PAN Card of Company/Propreitor/Firm
• Printed Cancel cheque/Bank Certificate
• Photograph of applicant director/propreitor/partner
• PAN Card of all directors/partners
• Voter ID/Passport/Aadhar Card of all directors/propreitor/partners
• Email id and mobile number of all directors/propreitor/partners
• Certificate of Incorporation/Partnership Deed
• Address Proof like Electricity Bill and Rent agreement

OBTAINING RCMC

• After obtaining an IEC Certificate the exporter should login into SEPC with the IEC number for RCMC registration.
• A form for RCMC appears where the same has to be filled as per the details mentioned in IEC.
• The form also requires attaching certain documents for verification of information that has been entered in the form.
• After filling out the form, fee has to be paid in the form of either cheque/draft issued in the name of “Services Export Promotion Council”.
• After evaluating the form, the council within 15 to 30 days issues a certificate is known as Registration Cum Membership Certificate i.e. RCMC which will then be used to file SEIS return.

FOR RCMC CERTIFICATE

• Self-certified copy of the IEC Certificate.
• Self-certified copy of Permanent Account Number (PAN)
• The membership fee of the ‘Services Export Promotion Council’ in Demand Draft the has to be paid at New Delhi or through cheque that is payable at branches by remitting the membership fee.
• Self-certified copy of company’s MOA (For Corporate/ institutional/ Private Limited/ Limited company).
• Self-certified copy of the Partnership Deed (For Partnership Firm).
• The last 3 years Services Export Data (Foreign Exchange Earnings) that has to be certified by the Chartered Accountant of the company.
• Self-certified copy of GST registration certificate.
• Self-certified copy of “FORMAT-B” prescribed by SEPC indicating basic details of the company.

FOR DGFT class DSC

• Applicant ID Proof Letter as per E-mudhra format.
• Authorized Signatory ID Proof Letter as per E-mudhra format.
• Copy of applicant PAN card (company/firm)
• Copy of first two pages of latest bank statement
• Copy of Incorporation Certificate / Partnership Deed.
• Copy of first two pages of AOA & MOA (company)
• Copy of first two pages of latest Income Tax Return attached in the PDF below Board Resolution authorizing a director on behalf of the company to acquire DSC.
• Copy of PAN and Aadhar Card/Voter ID of the applicant and authorized signatory. Copy of IEC Certificate.
• Signed form of E-mudra to apply for DSC.

FILING OF SEIS RETURN

• After obtaining the RCMC Certificate, the next step involves preparing DGFT class DSC for logging in the E-com applications site of DGFT for SEIS return filing.
• After logging in the window, we see a form ANF-3B which is a form for SEIS Return, where we fill the required details such as RCMC details, service provided in the relevant year, Net Foreign Exchange Earned etc.
• After filling out the same, we need to attach a CA Certificate where the CA attests the figures entered and also certifying the verification of documents and other details on the basis of which the figures are entered.
• Then, we have pay the required fees online in electronic mode of payment and verify the payment.
• On completion of the above steps we submit the return attaching the DGFT class DSC of the exporter and upon filing a File number is generated which will then be used to acquire scrips from Regional Office of DGFT.

FOR SEIS Return – ANF-3B

• DGFT class DSC issued above.
• CA Certificate with annexures as per DGFT certifying the figures entered in ANF-3B
• Payment of required fees for the application.

FAQs

1. Who is eligible for SEIS scheme?

Service Providers of notified services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Only Services rendered in the manner as per Para 9.51(i) and Para 9.51(ii) of the Foreign Trade Policy 2015-20 shall be eligible. Such service provider should have minimum net free foreign exchange earnings of US$15,000 in the year of rendering the services to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in financial year when the services have been rendered.

2. How do we calculate Net Foreign Exchange Earnings?

We calculate Net foreign exchange earnings accordingly: Net Foreign Exchange = (Gross Earnings for Foreign exchange – Total expenses/payments/remittances relating to service in Financial year)

3. Is having IEC and RCMC mandatory for SEIS benefits?

Yes, IEC is the first step in the process and on the basis of this RCMC is issued and both are necessary for SEIS benefits.

4. Are payments received in Indian Rupees eligible for SEIS incentive?

Payment in Indian Rupees for service charges earned on specified services, shall be treated as receipt in deemed foreign exchange as per guidelines of Reserve Bank of India. The list of such services is indicated in Appendix 3D.

5. How can the scrips issued under SEIS scheme be utilized?

Duty Credit Scrips shall be granted as rewards under Service Exports from India Scheme (SEIS). The Duty Credit Scrips and goods imported against them shall be freely transferable. The Duty Credit Scrips can be used for:

Payment of Basic Customs Duty and Additional Customs Duty specified under sections 3 (1), 3(3) and 3(5) of the Customs Tariff Act, 1975 for import of inputs or goods, including capital goods, as per DoR Notification, except items listed in Appendix 3A.

6. What is the validity period for Duty Scrips?

Duty Scrips issued on or after 01.01.2016 shall be valid for a period of 24 months from the date of issue and must be valid on the date actual debit of duty is made.

7. How do we file our SEIS application, if we render multiple services?

The ANF-3B form have a category “Service Category Information” where we need to classify the multiple services which are provided by the exporter and eligible for claim of SEIS benefits and then input the figures accordingly.

8. Can we process our claims for previous financial years?

Yes, but as per para 9.02 of FTP 2015-20 which clarifies certain limitations and late cut applicable.