CBEC notifies certain supplies as deemed exports - Notification no. 48/2017

CBEC notifies certain supplies as deemed exports - Notification no. 48/2017

Seeks to notify certain supplies as deemed exports under section 147 of the CGST Act, 2017.

Definition of "Deemed Exports" under section 147 of CGST Act,2017 :The Government may, on the recommendations of the Council, notify certainsupplies of goods as deemed exports, where goods supplied do not leave India, and paymentfor such supplies is received either in Indian rupees or in convertible foreign exchange, ifsuch goods are manufactured in India.

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[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THEGAZETTE OF INDIA, EXTRAORDINARY]

GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No. 48/2017-Central Tax

New Delhi, the 18th October, 2017

G.S.R. (E).- In exercise of the powers conferred by section 147 of the Central Goods andServices Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations ofthe Council, hereby notifies the supplies of goods listed in column (2) of the Table below asdeemed exports, namely:- Explanation - For the purposes of this notification,

1. Advance Authorisation means an authorisation issued by the Director General ofForeign Trade under Chapter 4 of the Foreign Trade Policy 2015-20 for import ordomestic procurement of inputs on pre-import basis for physical exports.

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

3. Export Oriented Unit means an Export Oriented Unit or Electronic HardwareTechnology Park Unit or Software Technology Park Unit or Bio-Technology ParkUnit approved in accordance with the provisions of Chapter 6 of the Foreign TradePolicy 2015-20.

[F.No. 349/58/2017-GST(Pt)]

(Gunjan Kumar Verma) Under Secretary to the Government of India

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