https://www.taxtmi.com/caselaws?id=433592 A special incentive under the Served From India Scheme was construed by reference to its own text and object, not by the general commencement clause in the Foreign Trade Policy, 2009-2014. The Court held that Clause 3.12.4 entitled service providers to duty credit scrips equal to 10% of free foreign exchange earned during the relevant financial year, and that the reference in Clause 1.2 to the earlier policy governed general exports and imports rather than this specific entitlement. The demand for refund of excess credit with interest was therefore unsustainable, and the impugned order was set aside. en-us Wed, 25 Jan 2023 00:00:00 +0530 Sat, 04 Feb 2023 08:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433592 A special incentive under the Served From India Scheme was construed by reference to its own text and object, not by the general commencement clause in the Foreign Trade Policy, 2009-2014. The Court held that Clause 3.12.4 entitled service providers to duty credit scrips equal to 10% of free foreign exchange earned during the relevant financial year, and that the reference in Clause 1.2 to the earlier policy governed general exports and imports rather than this specific entitlement. The demand for refund of excess credit with interest was therefore unsustainable, and the impugned order was set aside. Case-Laws Customs Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433592