https://www.taxtmi.com/caselaws?id=213473 The Target Plus Scheme allowed duty credit for imports of freely importable inputs for the importer's own use or that of supporting manufacturers, and the Handbook required only a broad nexus between the imported goods and the exported product group. The Court held that the Foreign Trade Policy and the corresponding customs exemption notification did not impose any requirement of physical incorporation of the imported input in the export product. The 8 May 2007 circular therefore introduced a substantive restriction not found in the governing policy or notification, was ultra vires, and could not amend them by administrative instruction; the circular and consequential assessment were set aside. en-us Tue, 14 Jun 2011 00:00:00 +0530 Wed, 23 May 2012 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213473 The Target Plus Scheme allowed duty credit for imports of freely importable inputs for the importer's own use or that of supporting manufacturers, and the Handbook required only a broad nexus between the imported goods and the exported product group. The Court held that the Foreign Trade Policy and the corresponding customs exemption notification did not impose any requirement of physical incorporation of the imported input in the export product. The 8 May 2007 circular therefore introduced a substantive restriction not found in the governing policy or notification, was ultra vires, and could not amend them by administrative instruction; the circular and consequential assessment were set aside. Case-Laws Customs Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213473