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FTP

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The Foreign Trade Policy (FTP), 2015-20

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Deemed Exports

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Deemed Exports View Pdf    

 (i) “Deemed Exports” for the purpose of this FTP refer to thosetransactions in which goods supplied do not leave country, andpayment for such supplies is received either in Indian rupees or infree foreign exchange. Supply of goods as specified in Paragraph 7.02below shall be regarded as “Deemed Exports” provided goods armanufactured in India.
 
(ii) “Deemed Exports" for the purpose of GST would include only thesupplies notified under Section 147 of the CGST/SGST Act, on therecommendations of the GST Council. Thebenefits of GST andconditions applicable for such benefits would be as specified by theGST Council and as per relevant rules and notification.