OUR SERVICES FOR SEZ DEVELOPERS AND SEZ-EOU UNITS
APPROVALS FOR SEZ DEVELOPERS & SEZ UNIT
- Preparation of application for unit approval with project report.
- Approval for SEZ unit from Development Commissioner Office.
- Approval for Bond cum Legal Undertaking.
- Approval of list of services and list of material required for Authorized operations.
- SEZ online and Registration.
- Material clearance services under LUT, Bill of entry, Bill of export,
- DTA procurement etc.
- Export clearance by filing shipping bill of export.
- DTA sale clearance service.
- Scrap and wastage removal.
- Temporary removal permissions.
- Compliances management and record keeping.
- NOC for de-bonding of premises and Final exit order.
- Identification of innovative tax planning opportunities
- Single point contact & centralized coordination for tax payments, filing of returns.
- Compilation of documents.
- Import procurement documentation.
- Registers & records maintenance.
- Preparation of Monthly/ Quarterly / Half-yearly and Annual returns.
- Consumption records on half yearly basis and annual basis.
- Drafting of appeals & submissions.
- Representation before appellate authorities.
- Briefing Senior Counsel on need basis.
- Representation before important authorities of Government on tax & trade policy issues.
- Registration for GST.
- Filing of GST Monthly, Quarterly and Annual Reports.
- Filing Refund Application and allied services.
- Advisory on various compliances under GST.
(i) Merchandise Exports from India Scheme (MEIS)
(ii) Service Exports from India Scheme (SEIS)
Nature of Rewards:
Duty Credit Scrips shall be granted as rewards under MEIS and SEIS. The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable. The Duty Credit Scrips can be used for : (i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A. (ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification. (iii) Payment of service tax on procurement of services as per DoR notification. 58 (iv) Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.
Merchandise Exports from India Scheme (MEIS)
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.
Entitlement under MEIS Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B, shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise]. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is less, unless otherwise specified.
Ineligible categories under MEIS
The following exports categories /sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS
1. EOUs / EHTPs / BTPs/ STPs who are availing direct tax benefits / exemption.
2. Supplies made from DTA units to SEZ units.
3. Export of imported goods covered under paragraph 2.46 of FTP;
4. Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India;
5. Deemed Exports;
6. SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units;
7. Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B.
8. Service Export.
9. Red sanders and beach sand.
10. Export products which are subject to Minimum export price or export duty.
11. Diamond Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones.
12. Ores and concentrates of all types and in all formations.
13. Cereals of all types.
14. Sugar of all types and all forms.
15. Crude / petroleum oil and crude / primary and base products of all types and all formulations.
16. Export of milk and milk products.
17. Export of Meat and Meat Products.
18. Products wherein precious metal/diamond are used or Articles which are studded with precious stones.
19. Exports made by units in FTWZ.
Service Exports from India Scheme (SEIS)
Objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India
(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. 61
(c) Payment in Indian Rupees for service charges earned on specified services, shall be treated as receipt in deemed foreign exchange as per guidelines of Reserve Bank of India. The list of such services is indicated in Appendix 3E.
(d) Net Foreign exchange earnings for the scheme are defined as under: Net Foreign Exchange = Gross Earnings of Foreign Exchange minus Total expenses / payment / remittances of Foreign Exchange by the IEC holder, relating to service sector in the Financial year.
(e) If the IEC holder is a manufacturer of goods as well as service provider, then the foreign exchange earnings and Total expenses / payment / remittances shall be taken into account for service sector only.
(f) In order to claim reward under the scheme, Service provider shall have to have an active IEC at the time of rendering such services for which rewards are claimed.
Ineligible categories under SEIS
(1) Foreign exchange remittances other than those earned for rendering of notified services would not be counted for entitlement. Thus, other sources of foreign exchange earnings such as equity or debt participation, donations, receipts of repayment of loans etc. and any other inflow of foreign exchange, unrelated to rendering of service, would be ineligible.
(2) Following shall not be taken into account for calculation of entitlement under the scheme
(a) Foreign Exchange remittances:
Related to Financial Services Sector
(i) Raising of all types of foreign currency Loans;
(ii) Export proceeds realization of clients;
(iii) Issuance of Foreign Equity through ADRs / GDRs or other similar instruments;
(iv) Issuance of foreign currency Bonds;
(v) Sale of securities and other financial instruments;
(vi) Other receivables not connected with services rendered by financial institutions; and II. Earned through contract/regular employment abroad (e.g. labour remittances);
(b) Payments for services received from EEFC Account;
(c) Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc.
(d) Foreign exchange turnover by Educational Institutions like equity participation, donations etc.
(e) Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units;
(f) Clubbing of turnover of services rendered by SEZ / EOU /EHTP / STPI / BTP units with turnover of DTA Service Providers;
(g) Exports of Goods.
(h) Foreign Exchange earnings for services provided by Airlines, Shipping lines service providers plying from any foreign country X to any foreign country Y routes not touching India at all.
(i) Service providers in Telecom Sector.
Entitlement under SEIS Service Providers of eligible services shall be entitled to Duty Credit Scrip at notified rates (as given in Appendix 3D) on net foreign exchange earned.
Remittances through Credit Card and other instruments for MEIS and SEIS Free Foreign Exchange earned through international credit cards and other instruments, as permitted by RBI shall also be taken into account for computation of value of exports.