Monday, February 15, 2016

No limit on incremental growth of exports for allowing benefit of IEIS scheme under FTP 2009-14: HC

The High court of Bombay held that duty credit scrip benefit under Incremental Export Incentivisation Scheme (IEIS) under FTP 2009-14 can be claimed even for amount exceeding
Rs. 20 lakhs, but subject to greater scrutiny; clarification dated 23-9-2004 taking a contrary view was invalid and quashed accordingly.

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