SFIS eligibility clarified where prior EPCG duty saved export obligation completion permits SFIS on subsequent foreign exchange earnings. Defines 'pending EO under EPCG Authorization (over and above average, if any)' as the duty-saved export obligation outstanding beyond the minimum required in the prescribed block; states SFIS may be granted on foreign exchange earned in the stated period where the duty-saved export obligation of the preceding block has been completed, making prior block completion a precondition for SFIS eligibility when residual EPCG obligations exist.
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.
SFIS eligibility clarified where prior EPCG duty saved export obligation completion permits SFIS on subsequent foreign exchange earnings.
Defines "pending EO under EPCG Authorization (over and above average, if any)" as the duty-saved export obligation outstanding beyond the minimum required in the prescribed block; states SFIS may be granted on foreign exchange earned in the stated period where the duty-saved export obligation of the preceding block has been completed, making prior block completion a precondition for SFIS eligibility when residual EPCG obligations exist.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
