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Deduction of State /Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes

DGFT - 11/2015-20 - Dated:- 21-7-2016 - Government of India Ministry of Commerce & Industry Department of Commerce (Directorate General of Foreign Trade) Udyog Bhawan, New Delhi Trade Notice No. 11/2015-20 Dated 21st July, 2016 All Regional Autho .....

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cted from the Customers such as VAT, Luxury Tax on sale of Food items and Service Tax and such taxes paid by the Customers to Government through the Service Provider should not have been included for issuance of SFIS. 2. The issue has been examined i .....

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reign exchange earned by them in the preceding financial year. Para 3.6.4.4 of FTP 2004-2009 provides that: Hotels of one-star and above (including managed hotels and heritage hotels) approved by the Department of Tourism, and other Service providers .....

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foreign exchange remittances as are earned as amounts in lieu of the services rendered by the Service Exporter would be counted for computation of the entitlement under this scheme. These provisions have been carried forward in Para 3.12.4 of FTP 20 .....

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titled to duty credit equivalent of the foreign exchange earned by them . The Handbook of Procedures also specifies that "only such foreign exchange remittances as are earned as amounts in lieu of the services rendered by the service exporter wo .....

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