12 January 2013
Deemed Exports: Supplies to following projects are considered as deemed exports and they get the benefits as follows:
Power Projects /Refineries Power Projects where International Competitive Bidding procedures have been followed at the IPP or at EPC stage can get the benefit of Deemed Exports for their domestic procurement. The benefits could be in the form of Advance Authorization, or Duty drawback on the inputs. The benefits can be availed by the Contractor/Sub-contractors or other suppliers. In addition the Mega Power Projects can get the benefits of excise duty refunds exemption or refunds also. The benefits can be taken by the suppliers or the Project owners themselves.
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