Deemed export benefit

[kamal chordia]

We had take one Advance Authorisation and invlidate the licence in favour of inenigeneous supplier for procurement of raw material.

Now  my questation is that which kind of benefit the supplier avail on this supply as this transction is deemed export.

thanks & regards

Kamal

 

 

AI Summary

Supplier Entitlements in Deemed Export: Terminal Excise Duty Refund or Drawback per Foreign Trade Policy Guidelines A discussion on a forum addresses the benefits available for a supplier under a deemed export transaction involving an Advance Authorisation. The initial query seeks clarification on the benefits the supplier can claim. A respondent explains that the supplier can either claim a refund of terminal excise duty or a deemed export drawback, referencing specific paragraphs of the Foreign Trade Policy (FTP). Further clarification is sought regarding terminal excise duty refunds, with the respondent noting changes in policy provisions and explaining conditions under which exemptions or refunds apply. The discussion focuses on understanding and applying the FTP guidelines correctly.