Deemed exports

ishaniduggal (Querist) 05 October 2011 This query is : Resolved
My co is manufacturing goods and selling to B Co., for exports to be made my B co. ( a sister concern)..

Does My Co's sale made to Co. B for exports vide Form 'H' be called as Deemed Exports..??

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ajay sethi (Expert) 05 October 2011
consult a local lawyer . your company can afford legal fees .

Guest (Expert) 05 October 2011
I endorse the views of Shri Sethi.

prabhakar singh (Expert) 05 October 2011
I have no other view than those of Mr.Sethi.

R.Ramachandran (Expert) 05 October 2011
Yes, we have to consciously, discourage such queries from Commercial Establishments and also purely academic queries.

A V Vishal (Expert) 05 October 2011
The sale of goods to any exporter for the purpose of complying with the pre-existing order is also exempt as deemed export. These sales are to be supported by H form along with Export order and copy of bill of lading etc. as evidence of actual export.

Raj Kumar Makkad (Expert) 05 October 2011
I do agree with vishal.

R.RAJENDRAN (Expert) 06 October 2011
It has to be seen whether your sale to the ultimate exporter is prior or after the date of the foreign buyers' contract with your buyer? Then, it can be decided whether your sale is deemed sale under section 5(3) of the C.S.T.ACT,1956.

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