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DEEMED EXPORTS

Chapter 7 - Policy - Foreign Trade Policy - DGFT - Chapter 7 - CHAPTER 7 7.00 Objective To provide a level-playing field to domestic manufacturers in certain specified cases, as may be decided by the Government from time to time. 7.01 (i) for the purpose of this FTP 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. Supply of goods as specified in Paragraph 7.02 below shall be re .....

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tractors shall be regarded as : A. Supply by manufacturer: (a) Supply of goods against Advance Authorisation / Advance Authorisation for annual requirement / DFIA; (b) Supply of goods to EOU / STP / EHTP / BTP; (c) Supply of capital goods against EPCG Authorisation; (d) Deleted B. Supply by main / sub-contractor (s): (e) (i) Supply of goods to projects financed by multilateral or bilateral Agencies / Funds as notified by Department of Economic Affairs (DEA), MoF, where legal agreements provide f .....

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ccordance with procedures of those Agencies / Funds. (iv) A list of agencies, covered under this paragraph, for deemed export benefits, is given in Appendix 7A. (f) (i) Supply of goods to any project or for any purpose in respect of which the Ministry of Finance, by erstwhile Notification No. 12/2012 -Customs dated 17.3.2012, as amended from time to time, had permitted import of such goods at zero customs duty (with exemption of both BCD and CVD) subject to conditions specified therein and which .....

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ct to conditions mentioned therein, shall be eligible for deemed export benefits provided such mega power project conforms to the threshold generation capacity specified in the above said Notification. (iii) For mega power projects, ICB condition would not be mandatory if the requisite quantum of power has been tied up through tariff based competitive bidding or if the project has been awarded through tariff based competitive bidding. (g) Supply of goods to United Nations or International organi .....

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of goods to nuclear power projects provided: (i) Such goods are required for setting up of any Nuclear Power Project as specified in the list 32 at Sl. No. 602, Customs notification no. 50/2017-Customs dated 30.6.2017, as amended from time to time and subject to conditions mentioned therein. (ii) The project should have a capacity of 440 MW or more. (iii) A certificate to the effect is required to be issued by an officer not below the rank of Joint Secretary to Government of India, in Department .....

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al Excise Act 1944 provided the supply is eligible under that category of and there is no exemption. 7.04 Benefits to the Supplier /Recipient Categories of supplies as per Para 7.02 Benefits on supplies, as given in Para 7.03 above, whichever is applicable. Para 7.03 (a) Advance Authorisation Para 7.03 (b) Duty Drawback Para 7.03 (c) Terminal Excise Duty (a) Yes (for inter mediate supplies against an invalidation letter) Yes (against ARO) Yes (b) Yes Yes Yes (c) Yes Yes NA (d) deleted deleted de .....

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para 7.03 (b) of FTP, as under: The refund of drawback in the form of Basic Customs duty of the inputs used in manufacture and supply under the said category shall be given on brand rate basis upon submission of documents evidencing actual payment of basic custom duties. 7.07 Common conditions for deemed export benefits (i) Supplies shall be made directly to entities listed in the Para 7.02. Third party supply shall not be eligible for benefits/exemption. (ii) In all cases, supplies shall be mad .....

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s site, shall also be eligible for deemed export benefit provided name of sub-contractor is indicated either originally or subsequently (but before the date of supply of such goods) in the main contract. In such cases payment shall be made directly to sub-contractor by the Project Authority. 7.08 Benefits on specified supplies (i) Deemed export benefits shall be available for supplies of Cement under Para 7.02 (e) only. (ii) Deemed export benefit shall be available on supply of Steel : (a) As an .....

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