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Deemed Exports We offer wide range of Deemed Exports. We are successfully running consultancy firm which has not only survived in this cut throat competitive world but has also learned to take up professional challenges and accomplishing them in the best manner.
“Deemed Exports" refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian rupees or in free foreign exchange
Deemed exports shall be eligible for any / all of the following benefits in respect of manufacture and supply of goods qualifying as deemed exports subject to the terms and conditions as given in Handbook (Vol. I) viz.:--
- Benefit of duty free imports of inputs;
- Refund of Terminal Excise Duty;
Supply of goods will be eligible for refund of Terminal Excise Duty provided the recipient of the goods does not avail CENVAT credit / rebate on such goods. Similarly, supplies will be eligible for deemed export drawback on the Central Excise paid on inputs /components, provided CENVAT credit facility/rebate has not been availed by the applicant. Such supplies will however be eligible for deemed export drawback on the customs duty paid on the inputs /components.
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