Deemed exports: government may notify domestic supplies as exports when goods don't leave country and payment is received. Government may, on Council recommendation, notify supplies as deemed exports where goods do not leave India, payment is received in Indian rupees or ... Summary
Deemed exports: government may notify domestic supplies as exports when goods don't leave country and payment is received.
Government may, on Council recommendation, notify supplies as deemed exports where goods do not leave India, payment is received in Indian rupees or convertible foreign exchange, and the goods are manufactured in India; the provision vests discretionary notification power in the Government to identify qualifying domestic supplies.
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