{"id":620,"date":"2020-04-16T09:46:58","date_gmt":"2020-04-16T09:46:58","guid":{"rendered":"https:\/\/www.iiiem.in\/blog\/?p=620"},"modified":"2020-04-16T09:46:58","modified_gmt":"2020-04-16T09:46:58","slug":"deemed-exports-exporting-without-shipping-product","status":"publish","type":"post","link":"https:\/\/www.iiiem.in\/blog\/deemed-exports-exporting-without-shipping-product\/","title":{"rendered":"Deemed Exports: Exporting Without Shipping a Product"},"content":{"rendered":"

\"Exporting-Without-Shipping-A-Product\"<\/p>\n

When any kind of technology or source code is been released to that of a foreign national inside the country then that can be known as Deemed export.<\/p>\n

As there is deemed export there is deemed re-export. There is deemed re-export<\/a> when the source code or the technology that was been released in during deemed export is released further to third party in another foreign national.<\/p>\n

As per Deemed export rule, reviewing blueprints, sharing technology, tours of facilities are considered as potential exports. Deemed Export can have a positive impact on any business as technologies developed in foreign facility can help to obtain foreign contracts. For deemed export, a shipping bill named \u2013 \u2018deemed application\u2019 should be filled.<\/p>\n

You should join any well-known institute who teaches about export-import business from well-experienced faculties. Because if you know the step by step procedure of how to export import<\/a> then it will be easy to manage your international business.<\/p>\n

Under following conditions an export license for the deemed export can be applied for \u2013<\/strong><\/p>\n

    \n
  1. When an export license is been required for transferring the said technology to that of the foreign nation\u2019s own country<\/li>\n
  2. With the help of the license, the person intends to transfer the technology to the nation.<\/li>\n<\/ol>\n

    In deemed export, goods that are been supplied to a person, does not leave the country and the payment for such supplies is being received in foreign currency or in local currency.<\/p>\n

    Under FTP, following goods are been considered as Deemed Export \u2013<\/strong><\/p>\n

      \n
    1. Supplies to that of STPs or BTPs or EHTPs or Export Oriented Units (EOUs)<\/li>\n
    2. Supply of goods to those projects that are been financed by bilateral or multi- lateral agencies, MOF under ICB (International Competitive Bidding)<\/li>\n
    3. Supply as well as installation of equipment\u00a0and goods<\/li>\n
    4. Supply of goods whether they are assembled or unassembled. It includes capital goods, machinery, plants, tools, dies as well as accessories.<\/li>\n
    5. Supply of goods to that of the refineries and power projects<\/li>\n
    6. Supply of goods against that of the Advances Authorization<\/li>\n
    7. Supply of goods to that of the Authorized holders under EPCG Scheme<\/a><\/li>\n
    8. Supply of marine containers<\/li>\n
    9. Supplies to that of the projects funded by that of the United Nations Agencies<\/li>\n
    10. Supply of goods to that of the nuclear power projects<\/li>\n
    11. Supplies to zero custom duty projects<\/li>\n<\/ol>\n

      Benefits for Deemed Exports are being mentioned below \u2013<\/strong><\/p>\n

        \n
      1. Deemed Export\u00a0Drawback<\/li>\n
      2. Advance Authorization for that of the annual requirements<\/li>\n
      3. Where the supplies are made against ICB, exemption from that of the terminal excise duty.<\/li>\n<\/ol>\n

        Benefits to Deemed Exports are being mentioned below \u2013<\/strong><\/p>\n

          \n
        1. If the supplies are being made against ARO (Advance Release Order), or to that of the Back to back LC that is been issued in place off Advance Authorization<\/li>\n
        2. Deleted<\/li>\n
        3. Benefits when supply is been made against DFIA or Supplier\u2019s Advance Authorization.<\/li>\n<\/ol>\n

          Any person or company is subject to Deemed Export rule except the one who is \u2013<\/strong><\/p>\n

            \n
          1. Been granted United States citizenship<\/li>\n
          2. Been granted permanent residence visa<\/li>\n
          3. Been granted status of a protected person. He or she can be a political asylum or a political refugee.<\/li>\n<\/ol>\n

             <\/p>\n","protected":false},"excerpt":{"rendered":"

            When any kind of technology or source code is been released to that of a foreign national inside the country then that can be known as Deemed export. As there is deemed export there is deemed re-export. There is deemed re-export when the source code or the technology that was been released in during deemed\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,1],"tags":[209,63,145,210],"class_list":["post-620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-export-business","category-iiiem","tag-deemed-export","tag-export-business","tag-iiiem","tag-shipping-of-a-product"],"_links":{"self":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/comments?post=620"}],"version-history":[{"count":3,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/620\/revisions"}],"predecessor-version":[{"id":624,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/620\/revisions\/624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media\/621"}],"wp:attachment":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media?parent=620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/categories?post=620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/tags?post=620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}