Deemed export

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24 Points Posted on 17 July 2020
what is deemed export
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On 17 July 2020 at 21:00 Report
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A deemed export refers to goods supplied within India that are not physically exported but are treated as such for tax purposes. This includes supplies made against specific authorisations like Advance Authorisation or Export Promotion Capital Goods (EPCG) Authorisation. It also covers goods supplied to Export Oriented Units (EOUs) and certain gold supplies by banks or PSUs.

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1313 Points Posted on 17 July 2020
Following are the notified 'deemed exports': 1.supply of goods by a registered person against Advance Authorisation. 2.supply of capital goods by a registered person against Export Promotion Capital goods Authorisation. 3.Supply of goods by a registered person to Export Oriented Unit. 4.Supply of gold by a bank or Public Sector Undertaking specified in the Notification No. 50/2017 Customs dt. 30th June 2017 against Advance Authorisation.
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On 17 July 2020 at 22:26
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3924 Points Posted on 17 July 2020
As per section 147 of the CGST act 2017 Deemed export means Goods supplied to other country but do not leave India and manufactured in India . Received money in Indian rupees or convertible forgine exchange .
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On 17 July 2020 at 22:31
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24 Points Posted on 18 July 2020
Thank you sir
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On 18 July 2020 at 14:02

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