Is TED refund for deemed exports allowed under GST?
Terminal Excise Duty and GST
A brief idea about drawback on deemed exports under GST regime, TED refund against deemed exports under GST etc. are explained here.
According to GST Law, the following provisions would apply under the GST regime for the deemed exports in relation to the refund of the Terminal Excise Duty (TED) and Drawback (DBK).
No TED refund would be available as the central excise duty is subsumed under the GST.
However, for the items covered under Schedule four of Central Excise Act, 1944, the TED refund would be available, provided the items are eligible for supply under the said category of the deemed exports under chapter 7 of the FTP, and there is no exemption from payment of excise duty.
The drawback as provided under Chapter 7 would be limited to the refund of basic custom duty only.
Schedule 4 of Central Excise Act, 1944
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