seeks a direction to the Respondents to issue
balance/additional duty credit scrips for an amount of Rs.4,22,16,175.73
under the Target ... petitioner lodged
claim under the scheme for duty credit entitlement, it was issued duty
credit scrips to the extent of 5% of the incremental percentage
actions of the respondents in
debiting a petitioners' duty credit scrips by amounts pertaining to the Social
Welfare Surcharge as being illegal, arbitrary, unconstitutional ... future imports and re-credit the Social Welfare Surcharge component
already debited in all the MEIS and SEIS duty credit scrips.
For Petitioner
Commerce
and Industry. Earlier, there were five different
kinds of duty scrips with varying conditions
attached to their use. Now, all these schemes
have been ... value of covered
exports, by way of the MEIS duty credit scrip.
The scrip can be transferred or used for payment
of a number
exporters to
offset infrastructural inefficiencies and associated costs. The Duty Credit
Scrips and goods imported/domestically procured against them are freely
transferrable. In terms
cash or by way of debiting of any valid duty
credit scrips issued under Chapter 3 of the Foreign Trade Policy.
The interest component however
such concession is given as
follows:
3.11.9. Applications for obtaining Duty Credit Scrip shall
be filed within a period of twelve months from the date ... Government of India. The products envisaged granting of duty credit scrip
equivalent to 2% of the FOB value of exports of notified products into
incentive under the
scheme is issued in the form of duty credit scrips. The shipping bills
were not electronically transmitted to the DGFT for processing
EXHIBIT P4 TRUE COPY OF THE ORDER CANCELLING
AUTHORISATION OF DUTY CREDIT SCRIP,
VIDE LETTER
writ of Mandamus directing the
Respondents to grant the Duty Credit
Scrip under the Serve From India
Scheme;
3
iii) To pay cost of this
restrict or stifle the
use of input tax credit. Once credit has been validly availed, it can be utilized
unless there is specific restriction ... Commerce & Trade gave it in the
form of credit of duty in the DEPB Scrips/licence which could be used for
discharging the Customs
