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PROCEDURE FOR PROCUREMENT OF SUPPLIES OF GOODS FROM ‘DTA’ BY ‘EOU’, ‘EHTP’, ‘STP’, ‘BTP’

Goods and Services Tax - GST - By: - Mr. M. GOVINDARAJAN - Dated:- 10-11-2017 - Deemed Exports Section 147 of Central Goods and Services Tax Act, 2017 ( Act for short) provides that the Government may, on the recommendations of the Council, notify certain supplies of goods as deemed exports, where goods do not leave India and payment for such supplies is received either in Indian rupees or in convertible foreign exchange, if such goods are manufactured in India. Decision of GST Council In the 22 .....

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ssued a Notification No.48/2017, dated 18.10.2017. The Central Government notified the following supplies of goods as deemed exports- Supply of goods by a registered person against Advance Authorization; Supply of capital goods by a registered person against Export Promotion Capital Goods Authorization; Supply of goods by a registered person to Export Oriented Unit; Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 .....

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for the third proviso to Rule 89 (1). The new proviso provides that in respect of supplies regarded as deemed exports, the application may be filed by- the recipient of deemed export supplies; or the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund. Procedure and safeguards Circular No. 14/14/2017-GST, dated 06th November, 2017 issued by the GST Pol .....

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istered supplier; and its jurisdictional GST Officer. The registered supplier, then, will supply goods under tax invoice to the recipient EOU unit; On receipt of such supplies the EOU etc.,unit shall endorse the tax invoice and send a copy of the endorsed tax invoice to- the registered supplier; the jurisdictional GST officer in charge of such registered supplier; and its jurisdictional GST officer. The endorsed tax invoice will be considered as proof of deemed export supplies by the registered .....

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