TMI BlogDEEMED EXPORTSX X X X Extracts X X X X X X X X Extracts X X X X ..... he purpose of GST would include only the supplies notified under Section 147 of the CGST/SGST Act, on the recommendations of the GST Council. The benefits of GST and conditions applicable for such benefits would be as specified by the GST Council and as per relevant rules and notification. 7.02 Categories of Supply Supply of goods under following categories (a) to (d) by a manufacturer and under categories (e) to (h) by main / sub-contractors shall be regarded as Deemed Exports : 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply is made under procedure of ICB. (ii) Supply of goods required for setting up of any mega power project, as specified in the list 31 at Sl. No. 598 of Department of Revenue Notification No. 50/2017-Customs dated 30.6.2017, as amended from time to time and subject 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Drawback ] . (c) Refund of terminal excise duty for excisable goods mentioned in Schedule 4 of Central Excise Act 1944 provided the supply is eligible under that category of deemed exports 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 made directly to the designated Projects / Agencies/ Units/ Advance Authorisation/ EPCG Authorisation holder. Sub-contractors may, however, make supplies to main contractor instead of supplying directly to designated Projects/ Agencies. Payments in such cases shall be made to sub-contractor by main-contractor and not by project Authority. (iii) Supply of domestically manufactured goods by an Indian Subcontractor t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eme, provided the claim is not settled within 30 days from the date of issue of final Approval Letter by RA. 7.10 Risk Management and Internal Audit mechanism (a) A Risk Management system shall be in operation, wherein every month, Computer system in DGFT headquarters, on random basis, will select 10% of cases, for each RA, where benefit(s) under this chapter has/have already been granted. Such cases shall be scrutinized by an internal Audit team, headed by a Joint DGFT, in the office of respective Zonal Addl. DGFT. The team will be responsible to audit claims of not only for its own office but also the claims of all RAs falling under the jurisdiction of the Zone. (b) The respective RA may also, either on the basis of report from ..... X X X X Extracts X X X X X X X X Extracts X X X X
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