Export of excisable goods

[Afroz Dairkee]

We are availing SSI exemption and have a sale which is billed to a company in Germany but delivered in IIT Hyderabad.

  So the sale is in foreign exchange (Euro) but we are charging VAT 12.5% (again in Euro) as we are told that is the rule, as the consignment is going to India only

  Will this be considered as Export or home consumption?

Pl advice.

AI Summary

Deemed export: domestic delivery with foreign currency payment treated as export for benefit eligibility under trade policy.
Supply billed in foreign exchange but delivered in India is classified as deemed export where goods remain within Indian territory and payment is received in foreign currency or its equivalent; export-related benefits may apply, subject to eligibility under the Foreign Trade Policy and the MVAT Act and Rules and confirmation from MVAT counsel.