SERVE FROM EXPORT INDIA SCHEME (SEIS)

[Samir Banerjee]

Our client has various Restaurant Pan India Basis. Foreign tourist frequently visit in these restaurants and after dining make payment in foreign exchange and some time make foreign exchange payment through credit cards also. Now as per notified list of services mentioned under Para 3D of Foreign Trade Policy,Restaurant services also notified under Tourism Services for SEIS Incentive. My query is whether my client can avail prescribed incentive under SEIS when they are earning foreign currency by rendering notified services, if answer is yes what are the documents required to be furnished to file the claim for incentive

AI Summary

Restaurant Chain Seeks SEIS Incentives for Foreign Tourists, Awaits Application Form Notification Under Foreign Trade Policy A client operating restaurants across India, frequented by foreign tourists who pay in foreign exchange, inquired about eligibility for the Service Exports from India Scheme (SEIS) incentives. The client can claim benefits on net foreign exchange earnings, provided they meet the minimum earnings threshold. Required documents include a valid Importer Exporter Code (IEC), Registration with Export Promotion Council (RCMC), and Foreign Inward Remittance Certificate (FIRC). Applications are submitted annually online with a digital signature. The form for application is pending notification. Additional guidance was provided to refer to specific sections of the Foreign Trade Policy.