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of <h1>Deemed Export Benefits Restored for JICA-Funded Projects Under FTP 2009-14; TED Refunds Allowed Until March 31, 2015.</h1> The circular addresses the grant of deemed export benefits for supplies to projects funded by specific international organizations under the Foreign Trade Policy (FTP) 2009-14. Initially, benefits were available for supplies made under the International Competitive Bidding (ICB) procedure to projects funded by organizations like JICA, IFAD, and others. However, these benefits were discontinued in the FTP 2015-20, except for three agencies. Due to issues with Terminal Excise Duty (TED) exemptions, the Directorate General of Foreign Trade decided to allow TED refunds for supplies made to JICA-funded projects up to March 31, 2015, ensuring compliance with the earlier FTP commitments. Regional Authorities are instructed to process these claims.
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