SEPC License

SEPC stands for Service Export Promotion Council. It is governed by the Ministry of Commerce and Industry, Government of India according to the Foreign Trade Policy. Register your business under SEPC using Startupfino Services.

Call Us +91 96253 06150

Consultation By Expert

I agree to receive the brochure on

Whatsapp

Need to speak to an expert? Get Free Consultation

Talk to an Expert

Speak to a financial expert today to learn how virtual CFO services can help your business succeed.

Registering Protecting
Startups
Looking For
Compliances Fundraising
Licenses
card-pic.jpg

Richa Singh     Online

4.7
Call Now
Chat Now

Overview of SEPC License

SEPC stands for Services Export Promotion Council. It basically aims at bringing the maximum foreign exchange currency in India for the betterment of an Indian economy. The validity of the SEPC certificate is one year from the date of issue. The date of issue is generally 31st March of every year. The department has been instrumental in promoting the interest and monetary gains of the exporters’ community.

What Are the Benefits of SEPC License?

There are generally two benefits that have been provided by this law. They are SEIS and MEIS.

  • SEIS stands for Services Export from India Scheme. This benefit is applicable for the service exporters.
  • MEIS stands for Merchandise Export from India scheme. This benefit is applicable for goods exporters.
  • Under the SEIS scheme, the SEPC department rewards the business by giving some percentage of the total turnover as rebate or refund. Hence, this acts as an incentive for the start-up or the company to undertake more and more such export related works. This helps in ease of doing of business for exporters. For example, if the company is getting rewarded for doing exports, then it will surely undertake more such projects so as to earn more incentives.

What Are the Eligibility of SEPC License?

There are certain eligibility criteria that must be followed.

  • The minimum turnover should be USD 15000 for company and USD 10000 for proprietorship firms.
  • The exporters can avail this benefit only when the year of participation in the scheme and the year of export of goods is the same.

Checklist

There are certain parameters that need to be fulfilled in order to be eligible for SEPC registration. These are known as the checklist that a company or a Start-up has to fulfil in order to be eligible for applying for this scheme. Let us have a look at these points:

  • Import export code
  • Name of the proprietor or partner and their role or designation
  • Registered office address
  • Type of activity and Writeup about services( at least 50 words)
  • Board resolution signed by authorised signatory
  • Export turnover certificate from Auditor
  • Cancelled cheque by signatory

Documents Required

Documents for Business

  • Certificate of Incorporation, MOA, AOA
  • Self attested copies of PAN card, an address proof and ITR of director, partner and proprietor
  • Two photographs of all directors
  • Cancelled cheque by Authorised signatory

Documents for Registered Office

  • NOC from the owner of property on rupees 10 stamp paper and notarized as well.
  • Electricity or water bill not older than 2 months.
  • Rent agreement
  • Copy of GST certificate.

Procedure for SEPC License

There is a certain procedure that has to be followed in order to be registered under the Service Export Promotion Council.

  • Create login credentials at Service Export website.
  • Put it the company details along with nature of services.
  • Put in Director KYC details.
  • Once the form has been completed and make the payment from Bank.
  • Submit the form online.
  • Department issues the certificate of SEPC after verification of the documents.

Rates for SEIS Scheme

  • Rate of reward is 7% for professional services
  • Rate of reward is 7% for research and development services
  • Rate of reward is 7% for rental or leasing services without operators
  • Rate of reward is 7% for audio-visual services
  • Rate of reward is 7% for construction and related Engineering Services
  • Rate of reward is 7% for educational services
  • Rate of reward is 5% for health and social services
  • Rate of reward is 7% for environmental services
  • Rate of reward is 5% or 7% for tourism and travel services
  • Rate of reward is 7% for recreational or culture and Sporting services.
  • Rate of reward is 7% for transport and auxiliary services

FAQs

All those service providers that comply with the government rules and guidelines are eligible for this scheme. They have to make sure that they have a minimum turnover of $15000 in case of a company and a turnover of $10,000 in case of a proprietary firm.

No. Only those goods or services are eligible under this scheme which is notified by the department. All those goods and services which are not in the list will not be considered under this benefit.

No. The licence is valid for only one year starting from the 31st March. In other words, you may say that the licence is valid for one financial year only.

You have to avail the benefits within the same financial year in which you have applied for the registration.

The licence is issued on your billing address. Therefore, it depends on the number of billing addresses you have mentioned in your application.
Free Consultation By Expert
I agree to receive the brochure on

Whatsapp

Need to speak to an expert? Get Free Consultation

StartupFino Advisory Services

StartupFino manages legal, financial & Compliance services through its team of professionals with the help our own technology.

StartupFino QR code

Scan this QR Code...

advisory_Services_img

Visit our Blog

Company Registration

What are the Documents Required for Indian Subsidiary Company Registration?

November 28, 2023

The registration of an Indian subsidiary company in India is a strategic move that opens doors to the vast and dynamic Indian market. …

More >
NIDHI Company

Why NIDHI Company Cannot Operate Like NBFC in India?

November 28, 2023

The differentiation between Nidhi Companies and Non-Banking Financial Companies (NBFCs) within the Indian financial landscape extends beyond mere naming conventions.

More >
Business Consultant

Hiring Business Consultant For Startups

November 28, 2023

Embarking on a fresh entrepreneurial journey is both invigorating and demanding. Although entrepreneurs are frequently brimming with enthusiasm ...

More >
View More Articles

Startups Looking to Connect with us?

Get Started

We also help you market your products through an online marketplace.

Chat with Us

Fill up contact form

Expert will call you

Payment-icon

Make online payment

Get Services

500+ Startups Trust Us

startup fino startup fino

An award-winning

Based on 500+ customer reviews.

award

Best Virtual CFO Of The Year 2023

Startupfino has been awarded as the Best Virtual CFO of 2023 held at Global Startup and Entrepreneurship Conclave 2023. It was decisive to get recognition as a startup in this competitive industry.

award

Best Tax and Legal Compliance Management Agency

Startupfino is honoured to recognise as a Best Tax and Legal Compliance Management Agency in the India Stratup Summit and Startup Achievers Awards 2022.

award

Best Financial Advisor Agency

Startupfino is honoured as a Best Financial Advisor Agency at the World Startup Convention 2023. This acknowledgment shows commitment towards delivering innovative solutions.

10+ years of success

Startupfino is working with Startups since last 10 years with an unparalleled experience of helping fast growing startups. Our Success can be witnessed through the numbers given below.

counter_img_mob.jpg

0

Startups

0

Projects Completed

0

Office Location

0

Client Retention