| Date: |
17-03-1998
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| Notification No: |
DGFT Policy Circular No 38/1998
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| Issuing Authority: |
DGFT
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| Type: |
Circular
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| File No: |
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| Subject: |
Deemed Exports - Capital goods to Transmission Project
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Deemed Exports - Capital goods to Transmission Project
Policy Circular No. 38 dated 17th March 1998
Attention is invited to paragraph 10.2(g) of EXIM Policy I 1997 -2002, read with paragraph 10.11 of Handbook or Procedures, Vol. I, 1997-2002, according to which the supply of goods to the Power Sector has been extended deemed export benefits.
2. Various representations have been received seeking clarification as to whether supply to Power transmission projects which inter alia include Transmission Line, substations, load dispatch and communication projects are entitled for deemed export benefits or not in terms of Para 10.2(g) of the EXIM Policy read with Para 10. 11 of Handbook of Procedures, Vol. 1. The matter has been considered in Consultation with Deptt. of Economic Affairs and it is clarified that existing deemed, Export dispensation in the power sector would not be available to domestic suppliers for supply to Such transmission projects.
3. This issues with the approval of DGFT
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