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Deemed export

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BASKAR D

33 Points Posted on 17 July 2020

what is deemed export

Replies (3)

Quick Summary

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.

Vijayprakash P

776 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.

prasad Nilugal

2353 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 .