We are making a bill (Export Invoice) through Transfer Pricing to our Parent Company and getting USD in our Indian entity then can we claim SEIS – Export Incentive to Service Industry. In India, we have a private limited company, US company is holding 99% of equity of this company.
Please suggest your valuable inputs!
Summary: An Indian subsidiary can generally claim SEIS for services exported to a foreign parent company if the services fall under the notified list (Appendix 3D), are provided via Mode 1 or 2, and result in genuine net foreign exchange earnings. You must have a valid IEC at the time of export and maintain proper documentation (invoices, FIRC, and CA certification) to substantiate that the USD received is payment for services rather than capital/investment inflows.
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