FTP - Deemed Export Benefits - DGFT Clarifies
DGFT has clarified that:
1. Deemed export benefits are not available for supplies to Non-Mega Power Projects.
2. Para 8.2(f)(i) and para 8.2(f)(ii) of FTP are in continuation and hence to be read in conjunction. Para 8.2(f) (ii) of FTP lays down conditions in respect of supplies covered under para 8.2(f) (i) of FTP.
3. Benefits of deemed exports under para 8.2(f) are available only if supplies are under ICB, except for Mega Power Projects. For Mega Power projects it could be ICB or other than ICB. Para 8.3(c)(i) and para 8.4 of FTP clearly provide that if supplies are under ICB, then such supplies are exempted from payment of TED. If supplies are not under ICB, then such supplies are eligible for refund.