Can SEIS be claimed for freight expenses in a case where an exporter supply's goods and recovers freight on CIF basis on a single invoice as per contract.
Can a supplier de-bundle a composite supply to avail benefits under FTP, or would the above transaction be classified as goods (considering general rules of interpretation) of CPC.
Eligibility of Claiming SEIS for Freight on CIF Basis and Composite Supply Separation Under FTP Questioned A query was raised regarding the eligibility of claiming the Service Exports from India Scheme (SEIS) for freight expenses when an exporter supplies goods and recovers freight on a Cost, Insurance, and Freight (CIF) basis on a single invoice. The question also addressed whether a supplier can separate a composite supply to benefit under the Foreign Trade Policy (FTP) or if the transaction would be classified as goods according to the general rules of interpretation under the Central Product Classification (CPC). A response was provided, directing to a link for further information. (AI Summary)
TaxTMI 
TaxTMI 
