https://www.taxtmi.com/caselaws?id=382365 Served From India Scheme scrips remained usable for payment of customs duty on imported radar and allied equipment after the 01.04.2006 amendment because the added phrase "otherwise freely importable under ITC (HS) EXIM Code" did not extend to restricted goods. The imported goods were treated as restricted, but the amendment did not take away the validity of the scrips as instruments issued against export earnings. Once denial of the scrip benefit was found unsustainable, the foundation for the penalties and redemption fine also fell away, and both could not survive. en-us Thu, 06 Jun 2019 00:00:00 +0530 Mon, 06 Jan 2020 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382365 Served From India Scheme scrips remained usable for payment of customs duty on imported radar and allied equipment after the 01.04.2006 amendment because the added phrase "otherwise freely importable under ITC (HS) EXIM Code" did not extend to restricted goods. The imported goods were treated as restricted, but the amendment did not take away the validity of the scrips as instruments issued against export earnings. Once denial of the scrip benefit was found unsustainable, the foundation for the penalties and redemption fine also fell away, and both could not survive. Case-Laws Customs Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382365