DEEMED EXPORT BENEFIT

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..... DEEMED EXPORT BENEFIT
Query (Issue) Started By: - MAHESH AGARWAL Dated:- 29-9-2015 Last Reply Date:- 29-9-2015 Central Excise
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Central Excise
Deemed Export benefits are covered by Chapter 7 of FTD. Clause 7.02.(e) : B - Categories of Supply by Main/Sub contractor(s) allows benefit of deemed export like Advance Authorization/ DFIA, Duty drawback or Refund/Exemption of Term .....

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..... inal Excise Duty. Projects financed by multilateral/Funds notified by DEA, MoF are allowed for Deemed Export benefit. However the condition posed in para 7.02.E.(iii) is that the supplies covered shall be under International Competitive Bidding (ICB) in accordance with the procedures of those Agencies/ Funds. The query here is that a Infrastructure Project of road which is financed by Asian Devel .....

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..... opment Bank (ADB) (an approved agencies under Appendix 7A of the FTP ) has been evaluated under National Competitive Bidding (NCB) process instead of (ICB) as mentioned above, by Publilc Works, Ports & Inland water Transport Department, Govt of Karnataka , India , known as ( Karnataka State Highways Improvement Project (KSHIP)), will be eligible for benefits of Deemed Export as prescribed under pa .....

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..... ra 7.04 of the Foreign Trade Policy. Reply By MUKUND THAKKAR: The Reply: Sir, Are u eligable to availing the benifit of Deem export if project funded by WB/ ADB /JBIC. Reply By MAHESH AGARWAL: The Reply: Yes. We are eligible as project is financed by ADB.
Discussion Forum - Knowledge Sharing .....

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