Eligibility threshold for Duty Credit Scrips revised to require net foreign exchange earnings in year of service, clarifying individual criteria. The eligibility timing for Duty Credit Scrips is amended so that qualifying net free foreign exchange earnings must be realized in the year of rendering service rather than in the preceding financial year; existing higher and lower monetary thresholds for general service providers and for Individual Service Providers and sole proprietorships respectively are retained.
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Provisions expressly mentioned in the judgment/order text.
Eligibility threshold for Duty Credit Scrips revised to require net foreign exchange earnings in year of service, clarifying individual criteria.
The eligibility timing for Duty Credit Scrips is amended so that qualifying net free foreign exchange earnings must be realized in the year of rendering service rather than in the preceding financial year; existing higher and lower monetary thresholds for general service providers and for Individual Service Providers and sole proprietorships respectively are retained.
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