What is deemed exports

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Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2011 dear sir,

Please explain What is deemed exports

CA Sanat Pyne

CA Sanat Pyne (Expert)
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01 June 2011 The following categories of supply of goods manufactured in India shall be regarded as “deemed Exports” under the Export and Import Policy 1997- 2002.

a). Supply of goods against licenses issued under the Duty exemption Scheme:

b) Supply of goods to Units located in Export Processing Zones (EPZs) or Software Technology Parks (STPs) or Electronic Hardware Technology Parks (EHTPs) or

Export Oriented Units (EOUs)

c) Supply of Capital goods to holders of licenses issued under the Export Promotion Capital Goods (EPCG) Scheme;

d) Supply of goods to Projects financed by Multilateral or Bilateral agencies/funds as notified by the Department of Economic Affairs, Ministry of Finance under international competitive bidding or under limited tender system in accordance with the procedure of those agencies/funds, where the legal agreements provide for tender evaluation without including the Customs duty

e) Supply of capital goods and spares to fertilizer plants if the supply is made under the procedure of international competitive bidding.

f) Supply of goods to any Project or purpose in respect of which the Ministry of Finance, by; a notification permits the import of such goods at zero customs duty coupled with the extension of benefits to domestic supplies;

g) Supply of goods to such projects in the Power, Oil and Gas sectors in respect of which the Ministry of Finance, by Notification, extends the benefits to domestic supplies.

h) Supply of Marine Freight Containers by 100% EOU (Domestic freight containers-manufacturers) to shipping companies including Shipping Corporation of India provided the said containers are exported out of India within 6 months or such further period as permitted by customs.