under MEIS. The reward is
received in the form of duty credit scrips.
3.3. In the present case, the exports of petitioner are
made through ... rejected petitioner's claim for seeking
reward (duty credit scrips) under MEIS, inter alia, on the
ground that petitioner had not stated its declaration
criteria were met, the IEC
holder was entitled to a duty credit scrip at this rate. It is the case of
the Petitioners that ... such benefit.
Utilisation (f) The duty credit scrip will be
of Scrip freely transferable. Such
scrips shall also be eligible
for domestic sourcing
criteria were met, the IEC
holder was entitled to a duty credit scrip at this rate. It is the case of
the Petitioners that ... such benefit.
Utilisation (f) The duty credit scrip will be
of Scrip freely transferable. Such
scrips shall also be eligible
for domestic sourcing
Nepal, Bangladesh, Sri
Lanka, Mauritius etc. Yum applied for license (Duty Credit Scrips) in terms
of the SFIS under the applicable foreign trade policies ... applications were accepted and it was
provided the Duty Credit Scrips in terms of the SFIS. Subsequently, Yum
also applied for benefits under the SFIS
Nepal, Bangladesh, Sri
Lanka, Mauritius etc. Yum applied for license (Duty Credit Scrips) in terms
of the SFIS under the applicable foreign trade policies ... applications were accepted and it was
provided the Duty Credit Scrips in terms of the SFIS. Subsequently, Yum
also applied for benefits under the SFIS
management of Airport and thus is entitled to
custom duty credit scrip under the "Served From India Scheme" (SFIS) of Foreign Trade
Policy ... crores of duty credit entitlement, assessee company has utilised the duty credit scrips
amounting to Rs.4.45 crores upto financial year 2012-13 against
India holding
that the Petitioner is not entitled to the Duty Credit scrip under the Served
From India Scheme (for short 'SFIS'). That ... lakhs in current financial year will be eligible for duty Credit Scrip,
for individuals Indian Service Providers, minimum free foreign
exchange earnings would
Petitioner and issue the Duty Credit
Scrip under MEIS under FTP 2015-20
as applied by the Petitioner for
exports effected ... which the Petitioner's applications for issuance of Duty
Credit Scrips under the Merchandise Export from India Scheme (for
short: "MEIS") have
Nepal, Bangladesh, Sri
Lanka, Mauritius etc. Yum applied for license (Duty Credit Scrips) in terms
of the SFIS under the applicable foreign trade policies ... applications were accepted and it was
provided the Duty Credit Scrips in terms of the SFIS. Subsequently, Yum
also applied for benefits under the SFIS
value of the scrips, which has money value.
The debiting of the scrip amounts to payment of duty.
d) Scrips have money value ... importer at all. An adjustment of duty from the duty credit
scrips by way of debit is not to be termed as Nil duty
