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TMI BlogExport of excisable goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Export of excisable goods X X X X Extracts X X X X X X X X Extracts X X X X ..... and have a sale which is billed to a company in Germany but delivered in IIT Hyderabad. So the sale is in foreign exchange (Euro) but we are charging VAT 12.5% (again in Euro) as we are told that i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s the rule, as the consignment is going to India only Will this be considered as Export or home consumption? Pl advice. Reply By Pradeep Khatri: The Reply: Dear Iqbal, As per the Foreing Trade P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olicy, chapter 8, such exports are termed as Deemed Export. Deemed Export means that goods don't leave the soil of India but payment are received in Foreign Currency or equivalent in Indian rupees. Al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l export related benefits are allowed in such scenarios. Please check the relevant provisions under, FTP, MVAT Act read with MVAT Rules that whether you fall under the eligible category or not. Pleas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e also have consultation with your seniors and with your MVAT counsel in this regard. Best Regards, Pradeep Khatri Reply By Iqbal Dairkee: The Reply: Thanks a lot Mr. Pradeep Khatri. Warm Regards ..... X X X X Extracts X X X X X X X X Extracts X X X X .....
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