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CMA Final · Indirect Tax Laws and Practice · Zero Rated Supplies and Deemed Exports

Under rule 89(2), which document is specified for a refund claim arising on account of deemed exports?

For a deemed export refund, the application must be accompanied by a statement showing the number and date of invoices, together with such other evidence as may be notified. Shipping bills, realisation certificates and SEZ declarations apply to other kinds of refund claims.

  1. AA statement of shipping bills and export invoices
  2. BA statement containing the number and date of invoices along with such other evidence as may be notifiedCorrect
  3. CA statement of Bank Realisation Certificates for export of services
  4. DA declaration that tax has not been collected from the SEZ unit

Explanation

Clause (g) of rule 89(2) requires a statement containing the number and date of invoices along with such other evidence as may be notified for refund on account of deemed exports. Shipping bills relate to export of goods, BRCs to export of services, and the SEZ declaration to supplies to SEZ units.

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