Excise Duty Exemption or Refund

[mstakh.i.mo.mi]

Deemed exports are either exempt from terminal excise duty or qualify for a full refund of the duty paid. You’re eligible for a terminal excise duty exemption if your goods are supplied through an International Competitive Bidding (ICB) process. In other cases, you can claim a refund. This ensures that you preserve working capital and enhance profitability.

Special Import License Eligibility
Manufacturers engaged in deemed exports are eligible for a Special Import License. This licence, usually 6% of the Freight on Board (FOB) value, allows you to import raw materials or necessary inputs at a reduced cost, helping you maintain continuous production and expand your business.

Deemed Export Drawback Scheme
Suppliers fulfilling orders under an Advance Release Order or Back-to-Back belarus phone number list Letter of Credit are eligible for the Deemed Export Drawback Scheme. This scheme allows you to receive a refund on terminal excise duty and gives you access to a Special Imprest License, further supporting your participation in deemed exports.

Benefits for EPCG Licence Holders
You can still take advantage of most deemed export benefits when supplying goods to a recipient with a zero-duty Export Promotion Capital Goods (EPCG) licence. However, you won’t be eligible for the Special Imprest License or the Deemed Export Drawback Scheme. This ensures that even when supplying goods under an EPCG licence, you can still benefit from other aspects of the deemed export scheme.