Incentive script under SFIS scheme

[N Balachandran]

Dear sir,

I would like to have the clarififcation  regarding the availablity of Incentive Script  Under SFIS scheme  for Design, supply,Erection and construction of Oil Storage tank outside  india. Can avail the benefit under SFIS scheme, Pl clarify

 Regards

 N.Balachandran 

[YAGAY and SUN]

Please check the para 3.11, 3.12 of the Foreign Trade Policy. This may come under Serial No. (e) of 1A  Engineering service under Professional Services covered under broad category of Business Services (Appendix 41 of the FTP).  Conditions as metioned in para 3.12 of the FTP needs to be fulfilled to become eligible for SFIS.

 

AI Summary

SFIS eligibility for engineering services on overseas oil storage tank projects depends on meeting para 3.12 conditions. Query asks whether SFIS incentive script applies to design, supply, erection and construction of an oil storage tank outside India. The reply states these activities may be classified as Engineering Service under Professional Services within Business Services (see Appendix 41) and that eligibility requires fulfillment of the conditions in paragraph 3.12 of the Foreign Trade Policy.