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of <h1>Clarification on Deemed Export Benefits: Non-Mega Power Projects Ineligible, Mega Projects Exempt from ICB Under FTP Para 8.2(f.</h1> The circular clarifies the admissibility of deemed export benefits under Para 8.2(f) of the Foreign Trade Policy (FTP). It states that supplies to Non-Mega Power Projects are not eligible for deemed export benefits. Para 8.2(f) is split into two parts: deemed export benefits are available for supplies entitled to zero customs duties if made under International Competitive Bidding (ICB). However, for Mega Power Projects, ICB is not mandatory if awarded through tariff-based competitive bidding. Supplies under ICB are exempt from Terminal Excise Duty (TED), while non-ICB supplies are eligible for a refund.
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