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Deemed Exports


Frequently Asked Question (FAQ)
Deemed Exports

Question: What is the policy of Deemed Exports for Power Projects in India?

Power projects may be Mega Power projects and non-Mega power project.Deemed export benefits are not available for supplies to Non-Mega Power Projects. For Mega Power projects, deemed exports benefit would be available both under  International Competitive Bidding(ICB) or other than ICB. If supplies are under ICB, then such supplies are exempted from payment of TED.  If supplies are not under ICB, then such supplies are eligible for refund.

Question: Whether supplies made by sub-vender whose name is mentioned on project Authority certificate is eligible for deemed export benefits?

If the name of supplier is endorsed in the project Authority Certificate before the supply of goods, supplier shall eligible for deemed export benefits irrespective of the facts that his name was mentioned as sub-vender.

  

Question: Can we obtain refund of Terminal Excise Duty against supply received from indigenous vendor under EPCG Authorization equipments are lease financed?

In terms of Paragraph 2.28 of HBP (Vol. 1), which provides that in case of lease financing deemed export benefits are to be claimed by domestic supplier of the capital goods, you as recipient of supply cannot claim deemed export benefits. 

Question: For supplies to any projects given in Customs notification 12/2012 which is eligible for deemed exports are we eligible for Terminal Excise Duty Exemption on such supplies?

Paragraph 8.4 of FTP clearly provides that if supplies are under ICB, then such supplies are exempted from payment of TED.  Therefore, if you are supplying to any projects given in Customs notification 12/2012 which is eligible for deemed exports you are eligible for exemption from Terminal Excise Duty.

 


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