Central Government Designates Supplies as Deemed Exports: What You Need to Know

The Central Government, in accordance with the Central Goods and Services Tax Act, 2017, designates certain supplies of goods as deemed exports.

Recommendations from the Council prompt this notification, delineating specific goods in the table provided.

Deemed exports include goods supplied against Advance Authorization, Export Promotion Capital Goods Authorization, and to Export Oriented Units. Additionally, supplies of gold by specified banks or Public Sector Undertakings against Advance Authorization are deemed exports.

Definitions for Advance Authorization, Export Promotion Capital Goods Authorization, and Export Oriented Unit are provided for clarity. Gunjan Kumar Verma, Under Secretary to the Government of India, issues the notification. This designation facilitates clarity in tax treatment for these specialized transactions, promoting ease of compliance.