Govt. notifies "deemed exports"; Clarifies issues relating to goods supplied on approval basis

Govt. notifies supply of goods against advance authorization, supply of capital goods against EPCG authorization, supply of goods to EOU and supply of gold by bank / PSU against advance authorization as “deemed exports”; As per the Explanation, “advance authorization” means an authorization for import / domestic procurement of inputs on pre-import basis for physical exports, while EOU means EOU / EHTP / STP / BTP unit;  Amends CGST Rules to provide that refund in...