FOREIGN TRADE POLICY

MISCELLANOUS PROVISIONS (OTHER CHAPTERS)

CHAPTER 7 – DEEMED EXPORTS

 Benefits on specified supplies

▪ As per Para 7.08(iii)(a) of the erstwhile FTP, the benefit of deemed export was available on “Fuel” supplied to Project listed for petroleum operations (as per Sl. No. 404 of Notification no.50/2017-Cus. dated 30 June 2017).

▪ The aforesaid benefit has now been discontinued in the FTP. As a consequential amendment, the benefit for claiming refund of Terminal Excise Duty on such supplies has also been discontinued.

 Application for claiming Terminal Excise Duty (‘TED’)/Drawback can no longer be filed by a Branch Office.