EPCG benefits for Deemed Export

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....PCG benefits for Deemed Export<br> Query (Issue) Started By: - Murali BN Dated:- 18-5-2020 Last Reply Date:- 20-5-2020 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>Dear Friends.. We are an DTA pharma export company based in bangalore, we billed some of the products to an SEZ organisation in bangalore. Can we claim EPCG benefits, if yes can someone share the notifications. Thanks & Regard....

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....s Reply By YAGAY andSUN: The Reply: 5.11 Realization of Export proceeds Export proceeds shall be realized in freely convertible currency except for deemed exports supplies under Chapter 7. Exports to SEZ units /Supplies to developers/ co-developers irrespective of currency of realization would also be counted for discharge of Export Obligation. Realization in case of supplies to SEZ units shall....

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.... be from foreign currency account of the SEZ unit. Reply By KASTURI SETHI: The Reply: Yes, you can claim benefit of EPCG. No need of notification because supply to SEZ is export/zero-rated supply. Reply By Rachit Agarwal: The Reply: Deemed Exports will be covered As per Foreign Trade Policy Export Obligation (EO) Following conditions shall apply to the fulfilment of EO:- Export shall be ph....

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....ysical export. However, supplies as specified in paragraph 7.02 (a), (b), (e), (f) & (h) of FTP shall also be counted towards fulfillment of export obligation, along with usual benefits available under paragraph 7.03 of FTP. Benefits for Deemed Exports Deemed exports shall be eligible for any / all of following benefits in respect of manufacture and supply of goods, qualifying as deemed exports,....

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.... subject to terms and conditions as given in HBP and ANF-7A: (a) Advance Authorisation / Advance Authorisation for annual requirement / DFIA. (b) Deemed Export Drawback for BCD. (c) Refund of terminal excise duty for excisable goods mentioned in Schedule 4 of Central Excise Act 1944 provided the supply is eligible under that category of deemed exports and there is no exemption.<br> Discussio....

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