Focus Product Scheme eligibility revised after challenge; prior restrictive trade notice withdrawn, restoring export benefits. A Directorate Trade Notice that restricted Focus Product Scheme benefits under FTP 2009-14 to bicycle parts classified under HS Code 8481, and required review and recovery of scrips issued for other parts, was quashed by a High Court; the Directorate's Special Leave Petition was dismissed, and the Directorate has withdrawn the earlier Trade Notice, communicating the change in enforcement position on FPS eligibility and prior scrips under ITC(HS) 8481.
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A Directorate Trade Notice that restricted Focus Product Scheme benefits under FTP 2009-14 to bicycle parts classified under HS Code 8481, and required review and recovery of scrips issued for other parts, was quashed by a High Court; the Directorate's Special Leave Petition was dismissed, and the Directorate has withdrawn the earlier Trade Notice, communicating the change in enforcement position on FPS eligibility and prior scrips under ITC(HS) 8481.
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