Grant of Deemed export benefits on supply of goods to nuclear power projects.
DGFT clarifies that
(a) Supply of goods to nuclear power projects was covered under deemed exports w.e.f. 21.12.2001. The supplies made on or after 21.12.2001 would be eligible for deemed export benefits. However, no deemed export benefit will be available on supplies made to such projects prior to 21.12.2001.
(b) The benefits of deemed exports are to be given with reference to the benefits available on the date of supply irrespective of the date of contract for such supplies subject to fulfillment of all the parameters of Policy and Handbook and submission of application along with the prescribed documents within the time limit.
(c) In cases, where the project authority has already paid the excise duty component to the supplier, the deemed export benefits will be given to the project authority based on a disclaimer from the supplier.
POLICY CIRCULAR NO Dated: November 30, 2004