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TMI BlogDeemed exportsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir / Madam We are planning for import material by advance authorisation and our finished product will be supplied to DTA against Invalidation of EPCG (buyer). Its it deemed exports.? Shall eligible for deemed exports benefits? kindly advice!!! - Reply By Shilpi Jain - The Reply = Is your advance authorisation for deemed exports? - Reply By Mathi Bharathi - The Reply = Dear Madam Yes its our ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advance authorisation and we will supply the material to DTA against Invalidation of EPCG. Is it deemed exports - Reply By KASTURI SETHI - The Reply = What are the finished goods to be supplied against invalidation EPCG letter ? - Reply By Mathi Bharathi - The Reply = Dear sir Engineering products like industrial valves to be supply and that industrial valves as capital goods for buyer - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shilpi Jain - The Reply = My question was in the context that AA can be give for exports or for deemed exports. This question of yours would be relevant only if your AA is for deemed exports. - Reply By Shilpi Jain - The Reply = As per para 7.03 of the FTP I see that the invalidation option is available only for AA. Is it available for EPCG too? - Reply By Mathi Bharathi - The Reply = Our customer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will purchase our product by presenting Invalidation letter of EPCG . To produce our product we need to import some components and we are planning to take AA for duty exemption . Hope clear now and advice - Reply By KASTURI SETHI - The Reply = Sh.Mathi Bharathi Ji, You have wrongly posted your information against Issue ID 119366 . Get it deleted . - Reply By KASTURI SETHI - The Reply = Sh.Mathi B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... harathii Ji, The supply against invalidation letters is treated as deemed exports. An EPCG Authorization holder can procure capital goods from a domestic manufacturer through invalidation letter and would be eligible for deemed export benefits as per Para No.7.03 of FTP, 2023 and Para No. 5.07 of FTP, 2023 and Para No.7.04 of FTP, 2023 Para No. 5.07 of FTP, 2023 5.07 Indigenous Sourcing of Capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods and benefits to Domestic Supplier A person holding an EPCG Authorisation may source capital goods from a domestic manufacturer either through Invalidation Letter or through Advance Release Order. Such domestic manufacturer shall be eligible for deemed export benefits under paragraph 7.03 of FTP, and as may be provided under GST Rules under the category of deemed exports. Such domestic sourc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing shall also be permitted from EOUs and these supplies shall be counted for purpose of fulfillment of positive NFE by said EOU as provided in Para 6.08 (a) of FTP. - Reply By Shilpi Jain - The Reply = Agree with kasturiji's post - Reply By KASTURI SETHI - The Reply = Madam Shilp Jain, Thanks a lot. Your concurrence with my views at serial 9 above is recognition of hard work, especially, in v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iew of non-response from the querist. Regards. - Deemed exports - Query Started By: - Mathi Bharathi Dated:- 17-10-2024 Last Replied Date:- 20-10-2024 Customs - Exim - SEZ - Got 11 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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