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

Deemed export benefit: supplier may claim terminal excise duty refund or deemed export drawback under FTP provisions.
Supply treated as a deemed export under the FTP allows the indigenous supplier to claim either a refund of terminal excise duty paid or deemed export drawback. The former para 8.4.1 has been deleted and its contents moved into the table at para 8.4. TED relief applies beyond capital goods: supplies under ICB receive TED exemption, while supplies not under ICB are eligible for TED refund.