https://www.taxtmi.com/caselaws?id=366938 The Court dismissed the petition challenging the decision to deny an extension of validity period for a Duty Credit Scrip (DCS) issued to a manufacturing and export company. Despite acknowledging procedural delays in the issuance of the duplicate DCS, the Court upheld the Committee's discretionary power to extend validity, emphasizing the importance of timely utilization of export incentives. The judgment highlights the need for exporters to utilize incentives promptly and the deference owed to committees' discretionary authority in extending validity periods. en-us Thu, 19 Apr 2018 00:00:00 +0530 Wed, 12 Sep 2018 20:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366938 The Court dismissed the petition challenging the decision to deny an extension of validity period for a Duty Credit Scrip (DCS) issued to a manufacturing and export company. Despite acknowledging procedural delays in the issuance of the duplicate DCS, the Court upheld the Committee's discretionary power to extend validity, emphasizing the importance of timely utilization of export incentives. The judgment highlights the need for exporters to utilize incentives promptly and the deference owed to committees' discretionary authority in extending validity periods. Case-Laws Customs Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366938