https://www.taxtmi.com/caselaws?id=376964 The Bombay HC held that entitlement to the balance duty credit scrip under the Incremental Export Incentivisation Scheme had to follow the binding precedent in JSW Steel Ltd., which had already interpreted the relevant Foreign Trade Policy amendment and notification framework. The administrative restriction limiting the claim to Rs. 1 crore could not be sustained because it was contrary to that earlier decision. The writ petition was therefore allowed, the impugned restriction was set aside, and the authorities were directed to comply with the directions flowing from the binding judgment. en-us Fri, 15 Mar 2019 00:00:00 +0530 Sat, 31 Aug 2019 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376964 The Bombay HC held that entitlement to the balance duty credit scrip under the Incremental Export Incentivisation Scheme had to follow the binding precedent in JSW Steel Ltd., which had already interpreted the relevant Foreign Trade Policy amendment and notification framework. The administrative restriction limiting the claim to Rs. 1 crore could not be sustained because it was contrary to that earlier decision. The writ petition was therefore allowed, the impugned restriction was set aside, and the authorities were directed to comply with the directions flowing from the binding judgment. Case-Laws Customs Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376964