TaxTMI 
TaxTMI 
TaxTMI 
SFIS Scheme-reg
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....FIS Scheme-reg<br> Query (Issue) Started By: - N Balachandran Dated:- 28-8-2012 Last Reply Date:- 28-8-2012 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Sir, When we execute the contract for Supply , Fabrication and erection of Storage tank outside india, will it fall under category of Servce from India Scheme?. The contract is lumpsum price and 80% of supply goes from out Side india. The....
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.... fabrication and erection work (15% of Contract value ) carried out through the sub contractor who is also located outside india under the suprevision of Indian Engineers. Pl clarify; !. can we consider this turnover as export turnover ? 2. Are we eligible for Incentive script under SFIS scheme? if so in which category the contract has to be classified?. Is it appropirate to say, Construction a....
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....nd Erection activity services?. 3. Are we eligbile for getting the Star Trading house Status as the contract value is more Rs.35 Crores Regards N.Balachandran Reply By Pradeep Khatri: The Reply: Please check the Place of Provision of Service Rules, 2012 in this regard. Since your 80% supply will be resourced from outside of India and 15% of the services will be provided by the subcontractor....
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...., therefore, it may be not treated as export of goods and export of services from India for the purpose of availing the benefits of export promotion schemes. Reply By Pradeep Khatri: The Reply: On remaining 5% services, you may avail the SFIS if you fall under the eligible cretarion. You may not get the Star Trading House Status since the (80% of goods + 15% of Services) are being outsourced an....
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....d not from India.<br> Discussion Forum - Knowledge Sharing ....