TaxTMI 
TaxTMI 
TaxTMI 
Deemed Export
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....eemed Export<br> Query (Issue) Started By: - Joy Kokkat Dated:- 22-8-2012 Last Reply Date:- 22-8-2012 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>We are STB manufacturer, we have an order from....
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.... an overseas trading company who has picked up an order from Indian customer to manufacture and supply this product in India. My quetions as below. 1. Is it possible and is a legal transactions? 2. ....
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....How is the billing is done, as I need to do USD billing to my customer (overseas trading company) and product need to be shipped to Indian company? 3. What is the tax structure for billing to Indian ....
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....company ? 4. Can we call this Deemed export? Reply By Pradeep Khatri: The Reply: As per the para 8.1 of the FTP 2009-2014, Deemed Exports refer to those transactions in which goods supplied do not ....
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....leave country and paymet for such supplies is received either in India Rupees or in free foreign exchange. Supply of goods as mentioned in para 8.2 shall be regarded as "Deemed Export" provided goods ....
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....are manufactured in India. Reply By Pradeep Khatri: The Reply: If you fall the para 8.2, then you can issue an invoice on following basis:- Bill to :- Foreign party in foreign currency Ship to :- ....
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....Indian party on delivery challan ( as you can't disclose the pricing of your customer's customer). No VAT will be applicable, since it may fall under the category of Deemed Export.<br> Discussion For....
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....um - Knowledge Sharing ....