https://www.taxtmi.com/caselaws?id=271165 Duty credit scrip benefits under the export incentive scheme were held not to be subject to an absolute Rs. 20 lakh cap. The 2012 scheme provided 2% of incremental exports and did not fix any monetary ceiling, while the 2013 notification only required claims beyond the stated value to face greater scrutiny by the Regional Authority. Read harmoniously and purposively, the clarification could not add a restriction absent from the policy, because that would undermine the export-incentive object and create arbitrariness. The impugned clarification was therefore invalid and liable to be quashed. en-us Mon, 25 Jan 2016 00:00:00 +0530 Thu, 12 May 2016 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271165 Duty credit scrip benefits under the export incentive scheme were held not to be subject to an absolute Rs. 20 lakh cap. The 2012 scheme provided 2% of incremental exports and did not fix any monetary ceiling, while the 2013 notification only required claims beyond the stated value to face greater scrutiny by the Regional Authority. Read harmoniously and purposively, the clarification could not add a restriction absent from the policy, because that would undermine the export-incentive object and create arbitrariness. The impugned clarification was therefore invalid and liable to be quashed. Case-Laws Customs Mon, 25 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271165