Served From India Scheme eligibility limited: SFIS only on foreign exchange remaining after meeting EPCG export obligations. Service providers must apply foreign exchange earned during 2007-08 first to satisfy pending EPCG export obligations (including amounts above the average); SFIS is payable only on any additional foreign exchange from that period after meeting all pending EPCG obligations. Regional Authorities must verify pending EOs, audit compliance, report within 45 days, and recover any excess SFIS by surrendering or adjusting duty credit scrips or other means; a re-examination is required at EPCG redemption to prevent dual benefits.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Served From India Scheme eligibility limited: SFIS only on foreign exchange remaining after meeting EPCG export obligations.
Service providers must apply foreign exchange earned during 2007-08 first to satisfy pending EPCG export obligations (including amounts above the average); SFIS is payable only on any additional foreign exchange from that period after meeting all pending EPCG obligations. Regional Authorities must verify pending EOs, audit compliance, report within 45 days, and recover any excess SFIS by surrendering or adjusting duty credit scrips or other means; a re-examination is required at EPCG redemption to prevent dual benefits.
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