Deemed exports classification enables certain domestic supplies to be treated as exports when goods remain in India and payment meets currency conditions. The provision empowers the Government, on the Council's recommendation, to notify supplies as deemed exports where goods are manufactured in India, do not ... Summary
Deemed exports classification enables certain domestic supplies to be treated as exports when goods remain in India and payment meets currency conditions.
The provision empowers the Government, on the Council's recommendation, to notify supplies as deemed exports where goods are manufactured in India, do not leave India, and payment is received in Indian rupees or in convertible foreign exchange.
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