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SEIS Scrips

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..... Dear Sir's A Company is engaged in the manufacture and sale of goods. It has export sales in which freight is also charged from the customers. It wishes to apply for entitlement under the Service Export from India Scheme (SEIS) under the category freight transport agency for the freight charged from the customers. Request your views on the eligibility of the same. Regards. - Reply By YAG .....

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..... AY andSUN - The Reply = Freight Transport Agency Service is mentioned in the appendix 3d which was notified by DGFT vide PUBLIC NOTICE No. 3 /2015-20 April 1, 2015 . it's CPC is 748 which enumerates whether the service provided by you will be eligible under SEIS or not. 748 - Freight Transport Agency Service - Freight Brokerage Services, Freight Forwarding Services (primarily transp .....

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..... ort organization or arrangement service on behalf of the shipper or consignee), ship and aircraft space brokerage services, and freight consolidated and break -bulk services. In our view you had exported under CIF INCOTERMS and hence, not eligible. However, please check the facts in your matter and act accordingly as we are not aware about the nature of your business. - Reply By YAGAY andSUN .....

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..... - The Reply = The central Product classification ( CPC ) is a detailed product classification consisting of all goods and services. Enforced by the United Nation Statistical Commission, CPC was introduced to be an international standard, clearly defining and explaining all the goods and service classified under it and assigning to each of them a CPC Code for correct recognition. This classifica .....

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..... tion was necessary to provide the claimants a clear idea under which category their product falls and what percentage of benefit they are entitled to. In simple words, CPC Classification provides a description of services harmonized by different codes which are centrally acceptable in many countries. Therefore, this CPC classification plays an important role in deciding whether the service provi .....

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..... ded by you will be eligible under SEIS or not. - SEIS Scrips - Query Started By: - Adarsh Gupta Dated:- 4-6-2020 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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