Clarification regarding advertisement services in SEIS

[Ankur Mittal]

Hi, we are doing digital advertisement, so want to know is it covered under SEIS in Advertising Services category.

[YAGAY andSUN]

3.08 Eligibility for SEIS

(a) Service Providers of notified services, located in India, shall be rewarded under SEIS, subject to conditions as may be notified. Only Services rendered in the manner as per Para 9.51(i) and Para 9.51(ii) of this policy shall be eligible. The notified services and rates of rewards are listed in Appendix 3D.

(b) Such service provider should have minimum net free foreign exchange earnings of US$15,000 in preceding financial year to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in preceding financial year.

AI Summary

SEIS eligibility requires notified services rendered as specified and minimum net foreign exchange earnings for duty credit scrip. SEIS rewards apply to notified services rendered in India only if performed in the manner prescribed by the policy; qualifying services and reward rates are listed in the designated appendix. Issuance of Duty Credit Scrip requires meeting a minimum net free foreign exchange earnings threshold in the preceding financial year, with a lower threshold specifically for Individual Service Providers and sole proprietors.