directing the respondents to re-credit the
Social Welfare Surcharge component in all the MEIS and SEIS duty
credit scrips of the petitioner from which ... respondents to re-credit the Social Welfare Surcharge
component in all the MEIS and SEIS duty credit scrips of the
petitioner from which such surcharge
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
Policy [2015-2020] is
extracted hereunder:
3.02 Nature of Rewards
Duty Credit Scrips shall be granted as rewards under MEIS
and SEIS. The Duty Credit ... Batch
/domestically procured against them shall be freely
transferable. The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import
other words,
exporters of such products were entitled to duty credit scrip equivalent to 5% of FOB value of
exports. Based on this, assessee sold
made
in the hands of the assessee. These scrips have been sold by
Atlantic Credit and Capital Ltd not by the assessee, therefore no
addition ... assessee. In fact
these paper represent the sale of the scrips made by Atlantic
Credit and Capital Ltd as per sale bill no.BC/9515
guidelines of
SC order)- apart from totally distinguishable on facts.
3.Global credit- ITA 1942/10- Delhi HC- A mere look at the judgment says ... deal in scrips etc. completely quoted out
of context.
19 I.T.A .No.-1014 & 288/Del/2010
4. Global credit- ITAT decision: same
remit additional duty of customs and avail CENVAT credit thereupon in cases where CENVAT credit had been availed on inputs. This policy was not immediately ... original exporter, i.e., the transferor of the scrip has, in fact, availed CENVAT credit. In the present case, the show cause notice alleges that
