What is deemed export in SAP LO - Logistics - General?

SAP Term: deemed export

• Component: LO

• Component Name: Logistics - General

• Description: A sale of goods, in India, to a company that qualifies as an export-oriented unit or is located in one of the following: Export processing zone Electronic hardware technology park Software technology park Such companies export most of their goods; and so any goods that you sell them are liable to be used in the production of goods for export, hence the term "deemed export." Under the terms of the deemed exports scheme, these companies can obtain licenses that exempt them from payment of basic excise duty on certain input materials.

Smart SAP Assistant

• Key Concepts: 
  Deemed export is a term used in international trade to refer to the export of goods or services from one country to another without physically crossing the border. It is considered an export because the goods or services are being sent to a foreign country, even though they are not physically leaving the country of origin. In SAP, deemed export is used to refer to the transfer of goods or services from one country to another without physically crossing the border. 
  
  How to use it: 
  In SAP, deemed export is used when goods or services are transferred from one country to another without physically crossing the border. This can be done through various methods such as electronic transfer, mail, or courier services. The process of deemed export requires that all relevant documents and information related to the transaction be provided in order for it to be processed correctly. 
  
  Tips & Tricks: 
  When dealing with deemed exports in SAP, it is important to ensure that all relevant documents and information related to the transaction are provided in order for it to be processed correctly. Additionally, it is important to ensure that all applicable taxes and duties are paid in order for the transaction to be completed successfully. 
  
  Related Information: 
  For more information on deemed exports in SAP, please refer to the official SAP documentation on Logistics - General (LO). Additionally, there are various online resources available that provide further information on deemed exports and how they can be used in SAP.