Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi 110011
Notification No. 17 (RE-2010)/2009-2014
New Delhi, the 18th January, 2011
Subject: Served From India Scheme (SFIS), Review thereof
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development & Regulation) Act, 1992 (No.22 of 1992) as amended, read with Para
2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes
the following amendments, effective from 1st January 2011, in the Foreign Trade
Policy 2009-14.
2. In the Para 3.12.2 of the Foreign Trade Policy 2009-14 (Updated as on
23.8.2010) the word ‘All’ and the phrase ‘preceding financial year /’ are being
deleted; while the phrase ‘Appendix 10 of HBPv1’ is being replaced by the phrase
‘Appendix 41 of HBPv1’. Appendix 41 of HBPv1 is being notified today by Public
Notice No. 25 (RE2010)/2009-14 Dated 18th January 2011. The amended Para would
read as under:
| “Eligibility |
3.12.2 |
Indian Service Providers of services which are listed in Appendix 41
of HBP v1 and who have free foreign exchange earning of at least Rs. 10 Lakhs in current
financial ear will be eligible for Duty Credit Scrip. For Individual Indian
Service Providers, minimum free foreign exchange earnings would be Rs 5 Lakhs.” |
3. In the Para 3.12.4 of the Foreign Trade Policy 2009-14 (Updated as on
23.8.2010) the word ‘All’ is being replaced by the phrase ‘Such Eligible’.
Eligibility would also be described. The amended Para would read as under:
| “Entitlement |
3.12.4 |
Service Providers of services listed in Appendix 41 of HBPv1 would
alone be eligible. Such eligible Service Providers will be entitled to
Duty Credit Scrip equivalent to 10% of free foreign exchange earned
during current financial year.” |
Effect of this Notification:
· Earlier the benefits under SFIS were available to Services listed in Appendix
10 of HBPv1. Henceforth the benefits under SFIS will be available to Services
listed in Appendix 41 of HBPv1.
· Earlier the Eligibility for SFIS was based on Foreign Exchange earned in the
current or previous year. Henceforth the Eligibility for SFIS will be based on
Foreign Exchange earned in the current year only.
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail:- [email protected]
(Issued from F. No.01/94/180/549/AM08/PC1/nowPC3)