Deemed Exports

Deemed exports represent a unique facet of international trade wherein goods supplied remain within the domestic borders of a country, yet still garner the benefits typically associated with exports. In the case of India, deemed exports occur when goods are supplied to projects or entities that are eligible for benefits under various schemes, even though the physical movement of goods across international borders does not take place. Notably, payment for these supplies is received either in Indian rupees or in free foreign exchange, distinguishing them from conventional export transactions.

For manufacturers operating within India, engaging in deemed exports can unlock a range of advantages and incentives provided by the Government of India. These benefits often include tax exemptions, duty drawbacks, and financial assistance, aimed at bolstering domestic production, promoting local industries, and enhancing the competitiveness of Indian goods in the global market. By leveraging the deemed export category, manufacturers can access crucial support mechanisms that contribute to cost reduction, improved cash flow, and increased profitability. Furthermore, participation in deemed export transactions fosters collaboration with domestic project authorities and facilitates the fulfillment of government procurement requirements, fostering symbiotic relationships between manufacturers and key stakeholders in India's economic landscape. Overall, deemed exports serve as a strategic avenue for manufacturers to optimize their operations, capitalize on government initiatives, and fortify their position in both domestic and international markets.

For More Details Contact:

M. Kesava Menon

☏ +91 9890851688