S.O.3948(E).– 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:

2. After the existing para 3.08 (a) of FTP 2015-20, the following para 3.08 (aa) is inserted :

“3.08 (aa) For SETS 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.”

3. 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”

4. 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.

3.10B 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. Further, it has been notified that the facility to claim benefits under SEIS on payments in Indian Rupees shall not be available for services rendered in the FY 2019-20. It is also notified that the deadline for submission of SEIS applications for FY 2019-20 shall be 31.12.2021 and late cut provisions for such applications shall not apply i.e. SEIS applications for FY 2019-20 will become time barred after 31.12.2021.

This issues with approval of the Minister of Commerce and Industry.

[File no. 01/61/180/226/AM19/PC-3]
 

(Amit Yadav)

Director General of Foreign Trade
Ex-officio Additional Secretary to the Government of India
Email:dgft@nic.in