TaxTMI 
TaxTMI 
Deemed Exports
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....supplies notified under Section 147 of the CGST/SGST Act, on the recommendations of the GST Council. The benefits of GST and conditions applicable for such benefits would be as specified by the GST Council and as per relevant rules and notification. 7.02 Categories of Supply Supply of goods under following categories (a) to (c) by a manufacturer and under categories (d) to (g) by main / sub-contractors shall be regarded as 'Deemed Exports': A. Supply by manufacturer: (a) Supply of goods against Advance Authorisation / Advance Authorisation for annual requirement / DFIA. (b) Supply of goods to EOU / STP / EHTP / BTP. (c) Supply of capital goods against EPCG Authorisation. B. Supply by main / sub-contractor(s): (d) (i) Supply of goods....
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.... deemed export benefits provided such mega power project conforms to the threshold generation capacity specified in the above said Notification. (ii) For mega power projects, ICB condition would not be mandatory if the requisite quantum of power has been tied up through tariff based competitive bidding or if the project has been awarded through tariff based competitive bidding. (f) Supply of goods to United Nations or International organization for their official use or supplied to the projects financed by the said United Nations or an International organization approved by Government of India in pursuance of Section 3 of United Nations (Privileges and Immunities Act), 1947. List of such organization and conditions applicable to such sup....
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....ever is applicable. Para 7.03 (a) Advance Authorisation Para 7.03 (b) Duty Drawback Para 7.03 (c) Terminal Excise Duty (a) Yes (for intermediate supplies against an invalidation letter) Yes (against ARO) Yes (b) Yes Yes Yes (c) Yes Yes NA (d) Yes Yes NA (e) Yes Yes NA (f) Yes Yes NA (g) Yes Yes NA 7.05 Conditions for refund of Terminal Excise Duty Supply of goods will be eligible for refund of terminal excise duty as per Para 7.03 (c) of FTP, provided recipient of goods does not avail CENVAT credit/rebate on such goods. 7.06 Conditions for refund of Deemed Export drawback Supplies will be eligible for deemed export drawback as per para 7.03 (b) of FTP, as under: Refund of drawback on the inputs used in ma....
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....Distributors/ Dealers/ Stock yards, shall also be eligible to claim duty drawback provided such supplies are made in accordance with Ministry of Steel O.M. No. S-21016/3/2020-TRADE-TAX- Part(1) dated 27.5.2020 read with O.M. dated 24.6.2020, as amended from time to time. However, the invoice against such supplies would be raised by the manufacturer on the Advance Authorization holder. Delivery of such supplies can be made through their Service Centers/ Distributors/ Dealers/ Stock yards, who in turn will raise the tax invoice on the steel manufacturer bearing a cross reference for such supplies. 7.08 Benefits on specified supplies (i) Deemed export benefits shall be available for supplies of "Cement" under Para 7.02(d) only. (ii) Deemed ....