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Description
As part of our excellent consultancy services, we offer Deemed Exports which includes those goods that do not leave the country. The payment for them is received in Indian rupees or in free foreign exchange. If any business qualifies in the category of Deemed Exports as mentioned in Vol. 1 of the Handbook, then it will be eligible for the following concessions - refund of Terminal Excise Duty but only if the recipient of the goods does not avail of CENVAT credit or rebate on such goods, and benefit of duty free imports of inputs. Supplies will also be eligible for Deemed Export Drawback on the customs duty and central excise paid on the inputs/components only on the condition that CENVAT credit or rebate has not been availed of by the applicant.

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