Deemed Export

[Guest]

What is the Specific Benefit of Deemed Export?

[YAGAY andSUN]

No excise duty is payable and No VAT/CST is chargable.

AI Summary

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.