Incase we have registered under PIS 20 years ago but haven't done the PSV and sell-off the project so are we eligible for any kind of benefits? Or any consessional rate of duty refund or something? If yes then what is the procedure for the same and how to apply for refund.
Waiting for your reply
thanking you
Mr. Satish Rajguru.
Plant Site Verification non-compliance may affect PIS benefit eligibility; residency status queried for refund or concession claim. Whether an entity registered under the PIS but which did not complete Plant Site Verification and later sold the project remains eligible for PIS-related benefits or a concessional duty refund is the central issue; the only response recorded requests clarification of the claimant's residency status and provides no procedural or substantive determination. (AI Summary)