Encourage services exporters to take SEPC membership to avail SEIS incentives and access foreign markets.
3rd March 2020
To All Members,
Re: Encourage services exporters to take SEPC membership to avail SEIS incentives and access foreign markets.
Dear Colleagues,
Please see email received from Service Export Promotion Council (SEPC) regarding membership of SEPC and SEIS benefits to specified services exporters, which is self- explanatory.
In order to avail SEIS and other benefits for the members who are earning foreign exchange, it is compulsory to be a member of SEPC.
On the basis of SEPC membership, members who are earning foreign exchange are eligible to avail benefits under the schemes as Governed by Department of Commerce, Ministry of Commerce & Industry, Govt. of India.
For SEPC membership, please visit the following website/links of SEPC:-
http://portal1.servicesepc.org//index.html#
http://portal1.servicesepc.org/
Attached please find SEPC and SEIS brochure for your reference.
1. Annexure-A.doc
2. Annexure_-B.doc
3. Annexure_-C.doc
4. SEPC_SEIS__A3_Folder-2_(FINAL).pdf
For any clarification or further details, please get in touch with
Mr. Vikrant Wadhera
Membership Manager- India
Services Export Promotion Council
Set up by Ministry of Commerce & Industry, Govt. of India
Head Office Address
6A/6, NCHF building, Sri Fort Institutional Area, August Kranti Marg, New Delhi-49. India
Tel: +91-11 41046327 , 41734632 | Mob: +91- 9910316373
Website: www.servicesepc.org | www.indiahealthcaretourism.com | https://www.indiaservices.in
With best regards,
Rajiv Mehra
Vice President
Subject: Indian Association of Tour Operators - Encourage services exporters to take SEPC membership to avail SEIS incentives and access foreign markets.
Mr. Pronab Sarkar
President
Indian Association of Tour Operators
310 Padma Tower II, 22 Rajendra Place
New Delhi - 110 008
E-mail: iato@airtelmail.in, admin@iato.in
Re: Encourage services exporters to take SEPC membership to avail SEIS incentives and access foreign markets.
Dear Sir,
Greeting from Services Export Promotion Council (SEPC)!!!
Please refer SEPC letter dated 10th May, 2019 regarding membership of SEPC and SEIS benefits to specified services exporters.
2. It gives me great pleasure to introduce SEPC, an Export Promotion Council set up by Ministry of Commerce & Industry, Government of India. It is an apex trade body which facilitates service exporters of India. As an advisory body, it actively contributes to the formulation of policies of Government of India and acts as an interface between the Services Industry and the Government.
3. SEPC set up in 2006, it now has a strong membership base of more than 5000 members from all service sectors. List of service sectors is attached at Annexure-A.
To accomplish the target of a 5 trillion-dollar economy, SEPC intends to work in close coordination with Indian Association of Tour Operators in its endeavour to stimulate growth of exports from India. In view of this, you are requested for the following:
- Indian Association of Tour Operators may give SEPC website link to their organization/association website.
- Indian Association of Tour Operators in India (FFFAI) may provide membership directory to SEPC to create awareness in professionals about SEPC and benefits available in the Foreign Trade Policy (FTP).
- Indian Association of Tour Operators may inform its members about the SEPC and export promotion incentives given by the Government of India.
4. On the basis of SEPC membership, members will be eligible to avail benefits under the following schemes as governed by Department of Commerce, Ministry of Commerce & Industry, Govt of India:
a) Services Export from India Scheme (SEIS)
- SEIS is an FTP 2015-20 incentive scheme for service exports, which rewards at 5%- 7% of net foreign exchange (NFE) earned.
- To avail these substantial incentives, services exporters must have membership of SEPC.
- During F.Y. 2018-19 (up to Feb’19), 5801 number of scrips to the tune of Rs. 3687.47 crores SEIS incentives were received by SEPC Members.
- Northern zone received maximum scrips issued 3597 with the value of Rs. 1298.48 crores.
- The SEIS scheme is meant to offset infrastructural inefficiencies and associated costs involved to support an increase in Services export.
- Scrips issued are transferable and can be used for payment of basic and additional customs duties.
b) Export Promotion Capital Goods (EPCG) Scheme
c) Market Access Initiative (MAI) Scheme
5. SEPC organizes a large number of promotional activities such as buyer-seller meets (BSM) – both in India and abroad, overseas trade fairs/exhibitions, and India pavilion/information booths in selected overseas exhibitions to demonstrate the capabilities of Indian Services Industry.
The Council encourages and monitors the observance of international standards and specifications by exporters and keeps abreast of the trends and opportunities in international markets for services and assist members in taking advantage of such opportunities in order to expand and diversify exports.
An Interface between the World & Indian service providers. SEPC is the nodal point for Indian Service exports as well as for foreign corporate who are looking for business opportunities in India under Mode -1, Mode -2, Mode -3 & Mode-4 of services trade. It is also the nodal point for individuals who want to avail benefits of better-quality services at competitive rates in comparison with other countries. Foreign clients can contact SEPC for details of services providers in India.
6. In order to increase medical tourism in India, SEPC has developed India’s National Portal on medical tourism www.indiahealthcaretourism.com to showcase only those medical establishments that are accredited by NABH/JCI. Now it is available in most of the major international languages with coverage of information on medical specialization in India.
SEPC has developed a dedicated portal, www.indiaservices.in, in consultation with Department of Commerce for 12 Champion Services Sectors identified by Government of India to provide information and connectivity for all services sector stakeholders. The portal will also provide monitoring and operating mechanism for all stakeholders Ministries involved in the Champion Sectors Campaign.
7. You are requested to become SEPC member through online membership registration portal (link below) and for membership registration fees please refer to Annexure -B.
http://portal1.servicesepc.org/
8. Details of major activities/events organized and participated by SEPC in FY 2019-20,are annexed at ‘C’.
9. We once again request you to become SEPC member to actively participate in SEPC’s export promotion activities and would also be happy to support you to take up various issues concerned with various Government and non-Government Departments relating to your business activities. Looking forward to a great partnership to promote Services Exports from India.
Please find attached SEPC and SEIS brochure for your reference.
With Best Regards,
Vikrant Wadhera
Membership Manager- India
Services Export Promotion Council
Set up by Ministry of Commerce & Industry, Govt. of India
Head Office Address
6A/6, NCHF building, Sri Fort Institutional Area, August Kranti Marg, New Delhi-49. India
Tel: +91-11 41046327, 41734632 | Mob: +91- 9910316373
Website: www.servicesepc.org | www.indiahealthcaretourism.com | https://www.indiaservices.in