Deemed foreign exchange: specified maritime services paid domestically may be treated as foreign receipts and eligible for SEIS rewards. Appendix 3E notifies that specified maritime and ancillary services rendered in Customs Notified Areas to foreign liners or procured by foreign entities, when paid domestically, shall be treated as deemed to be received in foreign exchange and thus eligible for rewards under the Services Exports from India Scheme in accordance with paragraph 3.08(c) of the Foreign Trade Policy, subject to the exclusion of vessel related charges for coastal and inland vessels and cargo related charges for coastal movements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed foreign exchange: specified maritime services paid domestically may be treated as foreign receipts and eligible for SEIS rewards.
Appendix 3E notifies that specified maritime and ancillary services rendered in Customs Notified Areas to foreign liners or procured by foreign entities, when paid domestically, shall be treated as deemed to be received in foreign exchange and thus eligible for rewards under the Services Exports from India Scheme in accordance with paragraph 3.08(c) of the Foreign Trade Policy, subject to the exclusion of vessel related charges for coastal and inland vessels and cargo related charges for coastal movements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.