Deemed export

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2013 Dear sir,
We are sending goods to Delhi under deemed export policy.The purchaser will send the goods to US.Hence which sales tax form require for our record and whether we have to charge any tax to them.

Please reply back.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

08 May 2013 yes require .

'Deemed Exports' as defined in the Foreign Trade Policy means those transactions in which the goods supplied do not leave the country and the supplier in India receives the payment for the goods. It means the goods supplied need not go out of India to treat them as 'Deemed Export'.

Deemed exports shall be eligible for the following benefits in respect of manufacture and supply of goods qualifying as deemed exports:

(a) Advance Licence for intermediate supply/deemed
export.

(b) Deemed Exports Drawback;

(c) Refund of terminal excise duty.

SUBMIT ANF-8 A IN CONCERNED RJDGFT

1.Application has to be filed for claiming interest if Terminal Excise Duty (TED)/Duty Drawback/Central Sales Tax (CST) dueto a claimant is not paid within a period of one month from the date of final approval of claim by the Regional Authority
(RA)/Development Commissioner (DC), Special Economic Zone (SEZ)

2.Application in duplicate to be filed within 90 days of the date of cheque issued towards settlement of the claim.
3.Application has to be filed in ANF 8A.
4.Application has to be filed with the same RA/DC, which has sanctioned and released the TED/Drawback/CST.
5.Each individual page of the application has to be signed by the applicant.
6.Application must be accompanied by documents as per details given below:
i)Photocopy of approval letter for ripe claims.
ii)Photocopy of forwarding letter of cheque alongwith photocopy of the cheque.
iiiCalculation sheet for interest claimed.
iv)Any additional document relevant for claiming interest on delayed payment.

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