Deemed exports

[Mathi Bharathi]

Dear Sir / Madam

We are planning for import material by advance authorisation and our finished product will be supplied to DTA against Invalidation of EPCG (buyer). Its it deemed exports.? Shall eligible for deemed exports benefits? kindly advice!!!

AI Summary

Supplying Finished Products to Domestic Tariff Area with EPCG Invalidation Qualifies as Deemed Exports Under FTP 2023. A discussion on a forum revolves around whether supplying finished products to a Domestic Tariff Area (DTA) against an Invalidation of EPCG qualifies as deemed exports and is eligible for corresponding benefits. The initial query seeks advice on this matter, and responses clarify that such transactions are considered deemed exports. It is noted that an EPCG Authorization holder can procure capital goods domestically through an invalidation letter, making them eligible for deemed export benefits as specified in the Foreign Trade Policy (FTP) 2023. The conversation emphasizes the importance of correctly categorizing such transactions under the FTP guidelines.