Deemed export
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2012
Kindly Analysis the below line
Following categories of supply of goods by main / sub-contractors
shall be regarded as “Deemed Exports” under FTP, provided goods are manufactured in India:
a) Supply of goods against Advance Authorisation / Advance
Authorisation for annual requirement / DFIA;
Means
1) K ( Who have Advance licence ) - Sold to B ( Any India Co. ) = is deemed Export
2) K ( Who Do have Advance licence ) -Sold to B ( Hold advance Licence ) = is deemed Export
Or Any other meaning co to your mind
for the definition of deemed export
Kindly Advice
Following categories of supply of goods by main / sub-contractors
shall be regarded as “Deemed Exports” under FTP, provided goods are manufactured in India:
a) Supply of goods against Advance Authorisation / Advance
Authorisation for annual requirement / DFIA;
Means
1) K ( Who have Advance licence ) - Sold to B ( Any India Co. ) = is deemed Export
2) K ( Who Do have Advance licence ) -Sold to B ( Hold advance Licence ) = is deemed Export
Or Any other meaning co to your mind
for the definition of deemed export
Kindly Advice
11 May 2012
Para 8.1 OF Foreign Trade Policy 2009-2014 says that “Deemed Exports” refer to those transactions in which goods supplied do not leave country, and payment for
such supplies is received either in Indian rupees or in free foreign exchange.
Categories of Supply 8.2 Following categories of supply of goods by main / subcontractors shall be regarded as “Deemed Exports” under FTP, provided goods are manufactured in India:
such supplies is received either in Indian rupees or in free foreign exchange.
Categories of Supply 8.2 Following categories of supply of goods by main / subcontractors shall be regarded as “Deemed Exports” under FTP, provided goods are manufactured in India:
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- DIN reactivation
- Rental income gst and it purpose
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
