04 August 2013
The sale of goods to any exporter for the purpose of complying with the pre-existing order and covered by Section 5(3) is also exempt as deemed export.
Mr x procures materials from y and exports the same to overseas. This is a kind of export called merchant export.
These sales are to be supported by Form H along with export order details and copy of bill of lading etc. as evidence of actual export.
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