Notification on Service exports from India Scheme for services rendered in the Financial Year -2019-20 (dated 23.09.2021) – DGFT
View PdfNotification on Service exports from India Scheme for services rendered in the Financial Year -2019-20 (dated 23.09.2021) – DGFT
- In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-20 and the enabling para 3.13 of the FTP, the Central Government hereby notifies the following changes in SEIS in the Foreign Trade Policy 2015-20, as amended from time to time, with immediate effect:
- After the existing para 3.08 (a) of FTP 2015-20, the following para 3.08 (aa) is inserted :
- “ 3.08 (aa) For SEIS claims on services rendered in the FY 2019-20, the notified services and rates are listed in Appendix 3X as per Annexure to this Notification.”
- At the end of para 3.08 (c) of FTP 2015-20, the following is added:
- “However, there shall be no such specified services under Appendix 3E for exports made in the financial year 2019-20”
- After the existing para 3.10 of FTP 2015-20, the following paras are inserted:
- “ 3.10A For SEIS claim for FY 2019-20, service providers of eligible services shall be entitled to Duty Credit Scrip at notified rates (as given in Appendix 3X) on net foreign exchange earned, with the total entitlement capped at Rs 5 Crore per IEC for FY 2019-20.
- 10 B For SEIS claim for FY 2019-20, the deadline for filing the online application as per ANF 3B shall be 31.12.2021. Provision of late cut under para 9.02 of HBP 2015-20 shall not apply for SEIS applications for FY 2019-20 and such applications shall get time-barred after 31.12.2021.”
- Effect of this Notification: List of eligible services and rates under SEIS for services rendered in the FY 2019-20 is being notified. A limit on total entitlement under SEIS has been imposed for service exports rendered in the period 01.04.2019 to 31.03.2020, and capped at Rs. 5 Cr per IEC.
