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
SFIS') which
provided for benefits in the form of duty credit scrip
certificates equitant to an amount of 10% of such
foreign exchange earnings ... under the said scheme from time to time
obtained the duty credit scrips in the prescribed form by
4
appending all the requisite documents
present writ petition
is that it has not been issued duty credit scrips under the Merchandise
Exports From India Export Scheme (in short 'Scheme ... appears that the respondents refused to issue duty credit scrips
under the said Scheme on account of an alert having been issued
exports.
(b) An IEC holder would be entitled
for a duty credit scrip @ 2% on the incremental growth
(achieved by the IEC holder) during ... Chapter 3 Schemes.
Utilisation of Scrip (f) The duty credit scrip will be
freely transferable. Such scrips shall also be eligible for
domestic sourcing
engaged in manufacturing and
export. The petitioner was issued Duty Credit Scrip ("DCS"
for short) by the respondent authorities on 31.7.2013. This
certificate ... Department in issuance of documents
for issue of duplicate scrip. Duty credit scrip is a freely
transferable instrument. The Committee therefore, did not
accede
made on account of duty credit scrips
received but not utilized, by following the order of CIT(A)VII, Delhi
who had himself relied ... made on account of duty credit scrips
received but not utilized by not appreciating that such duty credit
scrips fetch free foreign exchange
Circular whereby it was clarified that the
credit in respect of duty debited in various duty credit scrips was not
available under the same belief ... credit was not taken however,
subsequently when it was noticed that the credit is admissible on the
duty debited under various duty credit scrips they
Para 3.12.2 of FTP 2009-14 for grant of duty credit scrip under Service from India Scheme (SFIS), decided that grant of SFIS benefits
countries (including SEZ
units) shall be entitled for Duty Credit Scrip equivalent to
2% or 5% of FOB value of exports (in free foreign
exchange ... granted bonus benefit in the form of an
additional Duty Credit Scrip equivalent to 2% of FOB
value of exports (in free foreign exchange) over
writ directing the
respondents to forthwith grant or issue IEIS duty credit
scrips under yearly scheme on the basis of application
submitted on 23.3.2015 (Annx
