IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Nov 2017 | Removal date: open ended
Still in force

Tax-based export incentive

The Ministry of Commerce and Industry has through Public Notice 45/2015-2020 increased the incentives on exports of services under the Service Exports from India Scheme (SEIS) by 2% (from 3-5% to 5-7%). The incentives are issued as duty credit scrips on the Net Foreign Exchange earnings through these services.

These increased rates were initially announced for the period 1 November 2017 to 31 March 2018 but were later extended indefinitely vide Public Notice 7/2015-2020 on 11 May 2018.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

631 Accommodation services for visitors
632 Other accommodation services for visitors & others
633 Food serving services
634 Beverage serving services
641 Local transport & sightseeing services for passengers
642 Long-distance transport services of passengers
651 Land transport services of freight
652 Water transport services of freight
653 Air & space transport services of freight
660 Rental services of transport vehicles with operators
671 Cargo handling services
672 Storage & warehousing services
673 Supporting services for railway transport
674 Supporting services for road transport
675 Supporting services for water transport
676 Supporting services for air or space transport
679 Other supporting transport services
811 Research & development in natural sciences & engineering
812 Research & development in social sciences & humanities
813 Interdisciplinary research & development
814 Research & development originals
821 Legal services
822 Accounting, auditing & bookkeeping services
823 Tax consultancy & preparation services
824 Insolvency & receivership services
831 Management consulting & management services; ITC services
832 Architectural services, planning & landscape architectural services
833 Engineering services
834 Scientific & other technical services
835 Veterinary services
836 Advertising services & provision of advertising space or time
837 Market research & public opinion polling services
838 Photography services & photographic processing services
839 Other professional, technical & business services
921 Pre-primary education services
922 Primary education services
923 Secondary education services
924 Post-secondary non-tertiary education services
925 Tertiary education services
929 Other education & training services
931 Human health services
932 Residential care services for the elderly & disabled
933 Other social services with accommodation
934 Social services without accommodation
935 Other social services without accommodation
941 Sewerage, sewage treatment & septic tank cleaning services
942 Waste collection services
943 Waste treatment & disposal services
944 Remediation services
945 Sanitation & similar services
949 Other environmental protection services n.e.c.
961 Audiovisual & related services
962 Performing arts & other live entertainment event presentation
963 Services of performing & other artists
964 Museum & preservation services
965 Sports & recreational sports services
966 Services of athletes & related support services
969 Other amusement & recreational services

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