Best Trade Solution

hello,

what is deemed export? example is also welcome

thanks
mandeep

"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.

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

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.

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