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Served From India Scheme

S. F. I. S. Served From India Scheme . Served From India Scheme (SFIS) Reward / Incentive Scheme.

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Served From India Scheme

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  1. S F I S Served From India Scheme

  2. Served From India Scheme (SFIS)Reward / Incentive Scheme Objective: To accelerate growth in export of services so as to create a powerful and unique “Served From India” brand, instantly recognized and respected world over. And to help small scale service providers

  3. Served From India Scheme (SFIS) Service Providers of services listed in Appendix 41 of HBPv1 would alone be eligible for SFIS. Following point is most important for service providers. 7.TOURISM AND TRAVEL-RELATED SERVICES  A. Hotels and Restaurants (including catering)   B. Travel agencies and tour operators services   C. Tourist guides services   Service sector that have free foreign exchange earning of at least Rs. 10 Lakhs in preceding/ current financial year will be eligible for Duty Credit Scrip. Such eligible Service Providers will be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during preceding/ current financial year.”

  4. All Indian service providers who have free foreign exchange earning of at least Rs 10 Lakhs in preceding financial year / current financial year. Individual Indian service providers who earn foreign exchange of atleast Rs. 5lakhs during preceding financial year. Eligibility: Duty credit @ 10% of free foreign exchange earned during current financial year. Free foreign exchange earned through International Credit Cards and other instruments as permitted by RBI for rendering of service are also taken into account for computation of Duty Credit Scrip. Incentive: Duty Credit may be used for import of any capital goods including spares, office equipment and professional equipment, office furniture and consumables. Duty credit scrip in case of hotels having residential facility of minimum 30 rooms, golf resorts, and stand alone restaurant s having catering facilities may also be used for import of consumables such as food items and alcoholic beverages in addition to capital goods. This import can relate to any service sector business of applicant. Utilization :

  5. Entitlement /goods imported shall be non transferable....(except within group company and managed hotels) and subject to actual user conditions. Entitlement: 12 months from the end of relevant month / quarter / half-year / year. Due Date for filing application: : Additionally, this Duty Credit Scrip can also be utilized for payment of excise duty for procurement of items, permitted by Department of Revenue (DoR), from domestic sources. Payment of Excise Duty:

  6. Server Form India Application • ANF 3B form with CA Certificate as attached to the form. • Self certified copy of IEC registration. • Self certified copy of RCMC. • Self certified copy of PAN Card. • Self certified copy of Service Tax Registration Details. • Self certified copy of Excise Details. • Self certified copy of VAT Details. • Self Certified copy of Star Allotment. • FIRC for 12-13 with the supporting & Bank Statement • Port of Registration (for purpose of Imports). • Write up on the services rendered by the Resort. • Declaration of Claim. • Covering letter

  7. Contact Us 506 Unitech City Center , MG Road, Panaji. 403001 Goa. India. Address # 91-8322421010 Phone 91-832-6647593 Fax info@dajassociates.com Email

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