https://www.taxtmi.com/caselaws?id=255509 Duty Credit scrips under the Served From India Scheme could be transferred between group companies without requiring the transferor to hold 26% or more voting rights in the transferee. The policy provisions permitting intra-group transfer and defining group company by voting rights or board control did not impose that additional threshold. As the scheme was beneficial in nature, it required liberal construction, and the interpreting authority could not introduce a new substantive restriction under the guise of interpretation. The rejection of the transfer was therefore unsustainable, and the transfer to the group company was permitted. en-us Tue, 30 Dec 2014 00:00:00 +0530 Tue, 23 Jun 2015 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255509 Duty Credit scrips under the Served From India Scheme could be transferred between group companies without requiring the transferor to hold 26% or more voting rights in the transferee. The policy provisions permitting intra-group transfer and defining group company by voting rights or board control did not impose that additional threshold. As the scheme was beneficial in nature, it required liberal construction, and the interpreting authority could not introduce a new substantive restriction under the guise of interpretation. The rejection of the transfer was therefore unsustainable, and the transfer to the group company was permitted. Case-Laws Customs Tue, 30 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255509