Sunday, October 22, 2017

Notification No. 48/2017-Central Tax - 18 October 2017

Deemed Export-

1. Supply of goods by a registered person against Advance Authorisation 

2. Supply of capital goods by a registered person against Export Promotion Capital Goods Authorisation 

3. Supply of goods by a registered person to Export Oriented Unit 

4. Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance Authorisation


“Advance Authorisation” means an authorisation issued by the Director General of Foreign Trade under Chapter 4 of the Foreign Trade Policy 2015-20 for import or domestic procurement of inputs on pre-import basis for physical exports

Export Promotion Capital Goods Authorisation means an authorisation issued by the Director General of Foreign Trade under Chapter 5 of the Foreign Trade Policy 2015- 20 for import of capital goods for physical exports. 

“Export Oriented Unit” means an Export Oriented Unit or Electronic Hardware Technology Park Unit or Software Technology Park Unit or Bio-Technology Park Unit approved in accordance with the provisions of Chapter 6 of the Foreign Trade Policy 2015-20.

For reading full text of the notification please refer - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-48-cgst-english.pdf

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