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

SAP Term: deemed export license

• Component: LO

• Component Name: Logistics - General

• Description: A license issued by the excise authorities under which an exporter can procure goods from a manufacturer without payment of basic excise duty. The license is not a blanket exemption. It only applies to purchases of specific quantity or value of specific goods from a specific vendor, for example, 20 personal computers from Computer World Pvt. Ltd.

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• Key Concepts: 
  A deemed export license is a type of license issued by the government of a country to allow the export of certain goods or services to another country. It is based on the assumption that the goods or services will be used in the country of origin, rather than being exported. This type of license is typically used when exporting goods or services to countries that have restrictions on the importation of certain items.
  
  How to use it: 
  In order to obtain a deemed export license, an application must be submitted to the relevant government agency. The application must include information about the goods or services being exported, as well as details about the intended recipient. Once approved, the license will allow for the export of the goods or services to the specified country.
  
  Tips & Tricks: 
  When applying for a deemed export license, it is important to ensure that all information provided is accurate and up-to-date. Additionally, it is important to ensure that all necessary documents are included with the application, such as proof of ownership and any other relevant documents.
  
  Related Information: 
  The deemed export license is part of SAP's Logistics - General component. This component includes features such as inventory management, warehouse management, and transportation management. Additionally, this component also includes features related to customs clearance and international trade compliance.