https://www.taxtmi.com/caselaws?id=169063 The court ruled in favor of the petitioners, two public limited companies, in a case concerning the denial of benefits under the Focus Market Scheme of the Foreign Trade Policy 2009-2014. The court held that the denial of benefits based on shared directorship with another company facing penalties was unjustified. Additionally, the court clarified that Rule 7(f) of the Foreign Trade (Regulation) Rules, 1993, does not provide grounds to deny benefits to a company due to the liabilities of another company in which the applicant has controlling interest. As a result, the court directed the respondents to process the petitioners' claims under the scheme within two months. en-us Tue, 07 Oct 2014 00:00:00 +0530 Thu, 04 Jun 2015 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169063 The court ruled in favor of the petitioners, two public limited companies, in a case concerning the denial of benefits under the Focus Market Scheme of the Foreign Trade Policy 2009-2014. The court held that the denial of benefits based on shared directorship with another company facing penalties was unjustified. Additionally, the court clarified that Rule 7(f) of the Foreign Trade (Regulation) Rules, 1993, does not provide grounds to deny benefits to a company due to the liabilities of another company in which the applicant has controlling interest. As a result, the court directed the respondents to process the petitioners' claims under the scheme within two months. Case-Laws VAT and Sales Tax Tue, 07 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169063