Incremental Exports Incentivisation Scheme,
exporters were to be given a duty credit scrip at the rate
of 2 per cent on the incremental growth achieved ... holder would be entitled for a duty credit
scrip @ 2% on the incremental growth (achieved by the
IEC holder) during the period
February 17, 2009, exporters of cotton became
entitled to VKUY duty credit scrips for exports made after April 1, 2008. The
plaintiff has complained ... repudiate the contract. The
plaintiff has alleged that the duty credit scrips are not ordinary articles of
commerce and that they are of special value
Trade to exporters by a notification of
December 28, 2012. Duty credit scrips were promised to be issued to exporters on the
basis ... notification of September 25, 2013. In the present case, the duty credit scrips of
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appropriate value in accordance with the notification of December
follows:
"An IEC holder would be entitled for a duty credit scrip @ 2% on the
incremental growth (achieved by the IEC holder) during ... before the appropriate authority with a
substantial claim for the duty credit scrip. Such claim has been, in the most part,
declined without reasons
these notified
products the importer would be entitled to "duty credit scrips" or import duty
benefit equivalent to 2% of FOB value
General of
Foreign Trade (DGFT) announced an incentive scheme of duty credit scrip
based on the enhanced export of goods of certain description
scheme, an IEC holder was to be entitled
to a duty credit scrip at the rate of 2% on the incremental growth
during the current
submits, by notification dated 28th
December, 2012, entitlement for Duty Credit Scrip @ 2% on incremental export
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growth during the period, was made available ... admissible. The Duty Credit
Scrip were freely transferable. Public notice dated 28th September, 2012 was
issued prescribing procedure. Subsequent notification dated 18th April
appellant, the appellant could be deprived of the credit of the DEPB licences/ scrips purchased by him bona fide for valuable consideration since found ... earlier, in relation to the availability of the credit under the forged DEPB scrips. But in the decision in United India Insurance (supra), the forgery
proceed to have the credit modified by DGFT or to deny the benefit of duly duty free import against DEPB scrips till it is amended ... Trade) to have the credit modified by him and to deny the benefit of duty free import against such DEPB Scrip till it is amended
