What Is Deemed Export?

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mandeep
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What Is Deemed Export?

Post by mandeep » Fri Nov 29, 2013 1:00 pm

hello,

what is deemed export? example is also welcome

thanks
mandeep

vancie23
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deemed Export

Post by vancie23 » Tue Dec 03, 2013 6:00 pm

"Deemed Exports" refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Local currency or in foreign exchange.

Normally the goods do not physically cross the border of the exporting country, neverthless the government considers this as export for some perks or other benefits, it is called deemed export. Meaning not export practically but considered as one.

For Example
1.Any supply to a factory in Free Zone Area is deemed Import. Any sale from Free Zone Area is Deemed Export.
2.Supply of Laptops to a company in the Free Zone Area and payment in Foreign currency.

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picant
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deemed exports

Post by picant » Wed Dec 04, 2013 12:31 am

Hi Pal,

probably export of high technology machinery that have to be controlled by Authorities for their characteristics and destination, by use of export licence.
A fresh example: export to Iran.
Other comments appreciated
Ciao

vijay1979
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DEEMED EXPORT

Post by vijay1979 » Wed Dec 04, 2013 10:54 am

Deemed Exports" refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian rupees or in free foreign exchange.

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mohiuddin
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Deemed Export.

Post by mohiuddin » Mon Dec 09, 2013 1:24 pm

IMO, Such type of exporter not export directly to abroad (i.e. goods not cross border) but they export to the exporter those are export to abroad. i.e. deemed exporter assist to the exporter export goods to abroad.

Mohiuddin

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