TaxTMI 
TaxTMI 
What is the Specific Benefit of Deemed Export?
Deemed Export
24 Mar 2013 
1 Reply 
947 Views Asked by
Guest 
Deemed export status exempts supplies from excise duty and from VAT/CST liability under indirect tax rules.
Deemed Export confers an exemption from indirect tax charges: No excise duty is payable on transactions classified as deemed exports, and No VAT/CST is chargeable on those supplies, removing excise and turnover-tax incidence where deemed export criteria are satisfied. (AI Summary)
Deemed Export confers an exemption from indirect tax charges: No excise duty is payable on transactions classified as deemed exports, and No VAT/CST is chargeable on those supplies, removing excise and turnover-tax incidence where deemed export criteria are satisfied. (AI Summary)
