Who is a deemed exporter. What is called project exports? Who comes under service exporters.
Who are Service exporters:
If an exports through a merchant exporter or manufacturer export, we can see the export product tangibly. But there are many servicing industry where we can not see the product physically, but helps to earn foreign exchange. A best example of service exporter is those who export software. Here while selling software to other countries, our country earn foreign exchange. Tourism, Software, Health Care, Consultancy, Hotels, etc. are other examples for service exports.
What is Project Exports:
There are many professional companies undertake contracts for Designing, manufacturing, supply, erection, commissioning, etc. When they earn foreign currency on their sale, they falls under Project exporters and eligible of all assistance and support as project exports.
What is Deemed Exports:
In deemed exports, goods supplied do not move out of country, and payment for such supplies is received either in Indian Rupees or in free foreign exchange. You may have a doubt now that if the goods are not crossing the border of country, how can we treat as an exports?. In deemed exports, some of the other way the transaction boost to earn foreign exchange . Deemed exporters are also eligible government assistance within the parameters of earning foreign exchange. Also read Which category of exporter are you? Merchant Exporter,Manufacturer exporter,Service exporter Project Exporter or Deemed Exporter
I hope, you have satisfied with the clarification on the difference between service exporters/deemed exporters/project exporters.
The above information is a part of Online Training Course on howtoexportimport
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The information provided here is part of Import Export Training course online