TMI BlogDeemed ExportsX X X X Extracts X X X X X X X X Extracts X X X X ..... f 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 (c) by a manufacturer and under categories (d) to (g) 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. B. Supply by ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. (ii) 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. (f) Supply of goods to United Nations or International organization for their official use or supplied to the projects financed by the said United Nations or an International organization approved by Government of India in pursuance of Section 3 of United Nations (Privileges and Immunities Act), 1947. Lis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 intermediate supplies against an invalidation letter) Yes (against ARO) Yes (b) Yes Yes Yes (c) Yes Yes NA (d) Yes Yes NA (e) Yes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e made to sub-contractor by main-contractor and not by project Authority. (iii) Supply of domestically manufactured goods by an Indian Subcontractor to any Indian or foreign main contractor, directly at the designated project s/ Agency 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. (iv) Steel manufacturers supplying steel against Advance Authorization under Para 7.02 (a), through their Service Centers/ Distributors/ Dealers/ Stock yards, shall also be eligible to claim duty drawback provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 Internal Audit/ External Audit Agency(ies) or suo-motu, re-assess any case, where any erroneous/ in-eligible payment has been made/claimed. RA will take necessary action for recovery of payment along with interest at the rate of 15% per annum on the recover ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
