DGFT issues Clarification on SEIS benefits to Steamer Agents

Jun 22, 2018 | by Avantis RegTech Legal Research Team

Directorate General of Foreign Trade (DGFT) vide circular dated June 21, 2018 has issued clarification on eligibility of Steamer Agents for benefits under Service Exports from India Scheme (SEIS).

It is clarified that Serv1ce Providers like Steamer Agents, etc. shall be entitled for benefits under SEIS for the 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 account. Such Service Providers cannot claim benefits to the extent of free foreign exchange earnings (or INR payments as. allowed under the scheme) Simply routed through them for making payment or service charges with regard to services rendered by other service prov1ders like Port rust, etc.

The Actual service provider whether it is the Port Trust or any other entity is required to get a certi1cate of receipt of payment for that particular service, from the entity which had received the foreign exchange earnings (or lNR payments as allowed under the scheme) in its account in India.

[Policy Circular No. 08]

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


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