Deemed export

Save Share

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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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:

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now