Deemed export

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surabhi (Querist)

11 September 2011 If goods manufactured in SEZ are supplied to another EOU/SEz than is it a deemed export? keeping in mind that SEZ is not considered as part of Indaian territory so there is no question of exports in the first place and to be considered as deemed export, goods should be mannufactured in India.Also if anybody has comprehensive easy to understand deemed export guidelines, plz provide..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

13 September 2011 as per PARA 6.14 OF HAND BOOK OF POLICY PROCEDURES VOL-1(2009-2014)

"SUPPLY TO OTHER EOU/EHTP/STP/BTP/SEZ UNIT SHALL BE COUNTED TOWARDS NFE PROVIDED THAT SUCH GOODS ARE PERMISSABLE FOR PROCEREMENT BY THESE UNITS"

NET FOREIGN EXCHANGE , REFERS TO :-

A-B/B

A , WHERE EXPORTS, (IS THE TOTAL OF FOB VALUE)

B , WHERE IMPORTS (IS THE TOTAL OF CIF VALUE)

INVOICE MADE BE ALSO PERMITTED BY RBI IN INDIA RUPEE.

AS PER FOREIGN TRADE POLICY 2009-2014 , PARA 6.13

"TRANSFRED OF MANUFACTURED GOODS SHALL ALSO BE ALLOWED FROM EOU/EHTP/STP/ BTP/ UNIT TO A SEZ DEVELOPER OR UNIT FOLLOWING PROCEDURE PRESCRIBED IN SEZ RULES , 2006"

ANY DUTY AND VAT WILL NOT BE APPLICABLE FOR SEZ. UNIT.

FOR MORE INFO:
https://www.eximguru.com/exim/dgft/exim-procedures/2009-2014/chapter_6_eous_ehtps_stps_btps.aspx

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