Deemed export
This query is : Resolved
09 November 2013
i like to know the deemed export is covered under which notification in excise, this is required to mention in Excise return,thanks in advance
09 November 2013
“Deemed Exports” refer to those transactions in which goods supplied do not leave country, and payment for such supplies is received either in Indian rupees or in free foreign exchange. Supply of goods as mentioned below shall be regarded as “Deemed Exports” provided goods are manufactured in India.
Eligibility for refund of terminal excise duty / drawback
Supply of goods will be eligible for refund of terminal excise duty in terms of Para 8.3(c) of FTP, provided recipient of goods does not avail CENVAT credit/rebate on such goods. A declaration to this effect, in Annexure II of ANF 8, from recipient of goods, shall be submitted by applicant. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3 (b) of FTP of Central Excise duty paid on inputs/components, provided CENVAT credit /rebate has not been availed of such duty paid by supplier of goods. A declaration to this effect, in Annexure III of ANF 8, from supplier of goods, shall be submitted by applicant. Such supplies shall however be eligible for deemed export drawback on customs duty paid on inputs/components.
PLEASE READ FOLLOWING LINKS IF YOU HAVE ANY QUERY PLEASE ASK:
http://dgftcom.nic.in/exim/2000/policy/hbppol1/2009-2010/chap08.htm
https://www.caclubindia.com/experts/excise-on-deemed-export-641240.asp#.Un3AwidHhkg
http://www.eximguru.com/exim/dgft/exim-procedures/2012-2013/chapter_8_deemed_exports.aspx
Eligibility for refund of terminal excise duty / drawback
Supply of goods will be eligible for refund of terminal excise duty in terms of Para 8.3(c) of FTP, provided recipient of goods does not avail CENVAT credit/rebate on such goods. A declaration to this effect, in Annexure II of ANF 8, from recipient of goods, shall be submitted by applicant. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3 (b) of FTP of Central Excise duty paid on inputs/components, provided CENVAT credit /rebate has not been availed of such duty paid by supplier of goods. A declaration to this effect, in Annexure III of ANF 8, from supplier of goods, shall be submitted by applicant. Such supplies shall however be eligible for deemed export drawback on customs duty paid on inputs/components.
PLEASE READ FOLLOWING LINKS IF YOU HAVE ANY QUERY PLEASE ASK:
http://dgftcom.nic.in/exim/2000/policy/hbppol1/2009-2010/chap08.htm
https://www.caclubindia.com/experts/excise-on-deemed-export-641240.asp#.Un3AwidHhkg
http://www.eximguru.com/exim/dgft/exim-procedures/2012-2013/chapter_8_deemed_exports.aspx
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09 November 2013
sir, thanks , i like to know if deemed export is made against CT-1 and how to mention in ER
09 November 2013
yes right.
1. The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
2. The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufacture Exporter's Jurisdictional AC.
3. After receipt of the CT-1 and the ARE-1, the manufacturer exporter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
4. The ARE-1 distribution is as follows
Original + duplicate +Extra Along with the shipment
Triplicate + Quadruplicate
To the Manufacturer's Jurisdictional Excise Office
5. The Triplicate Copy signed by the excise officer, needs to forward to the Bond Executing authority of the merchant exporter.
6. After Export, you may call the Self Certified Copies of Proof of Export for Manufacturer Exporters Record.
must read:
https://www.caclubindia.com/experts/place-of-export-in-ct1-procedure--1013314.asp#.Un3GeSdHhkg
IN ER-2 RETURN
**************
COLUMN NO.3 MENTIONED ALL THE DETAILS VALUE , QUANTITY
COLUMN NO 4A AND 4B & AFTER IT MENTIONED THE DETAILS
*****************************************************
in view of above if you have any problem please ask...
1. The merchant exporter have to execute the general bond with the Jurisdictional AC/DC and issue the CT-1 Certificate In the name of the manufacturer exporter.
2. The merchant exporter has to send the ARE-1 duly signed by him addressing to the Manufacture Exporter's Jurisdictional AC.
3. After receipt of the CT-1 and the ARE-1, the manufacturer exporter can clear the goods without payment of duty by quoting the CT-1 reference No on Excise Invoice and ARE-1 counter signed by by the Manufacturer Exporter.
4. The ARE-1 distribution is as follows
Original + duplicate +Extra Along with the shipment
Triplicate + Quadruplicate
To the Manufacturer's Jurisdictional Excise Office
5. The Triplicate Copy signed by the excise officer, needs to forward to the Bond Executing authority of the merchant exporter.
6. After Export, you may call the Self Certified Copies of Proof of Export for Manufacturer Exporters Record.
must read:
https://www.caclubindia.com/experts/place-of-export-in-ct1-procedure--1013314.asp#.Un3GeSdHhkg
IN ER-2 RETURN
**************
COLUMN NO.3 MENTIONED ALL THE DETAILS VALUE , QUANTITY
COLUMN NO 4A AND 4B & AFTER IT MENTIONED THE DETAILS
*****************************************************
in view of above if you have any problem please ask...
11 November 2013
WELCOME FOR COMMENTS.
RAMESH KUMAR
RAMESH KUMAR
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