DGFT clarifies eligibility for SFIS/SEIS benefit for Port related service providers.

The Directorate General of Foreign Trade vide circular dated May 22, 2018 has clarified eligibility criteria under Served from India Scheme (SFIS) and Service Export from India Scheme (SEIS) for the service providers of port related services as following:

·         The actual Service Providers (and not Ports) are eligible for SFIS/SEIS benefit in respect of their share of earnings made by performing the notified services under SFIS/SEIS Scheme.

·         The aggregator of services (Ports) shall be entitled for benefits under SFIS/SEIS for services exclusively rendered by them and for which the foreign exchange earnings (or INR payments as allowed under the scheme) are received and retained by them on this account. The Ports cannot claim benefits to the extent of free foreign exchange earnings (or INR payments as allowed under the scheme) simply routed through them as receipt of service charges with regard to services rendered by other actual service providers.

·         Ensure that there is no double claim by the aggregator (port) and the actual service providers.

[Policy Circular No.06/2018}

 

URL:  http://dgft.gov.in/Exim/2000/CIR/CIR18/Policy%20circular%206.pdf