https://www.taxtmi.com/highlights?id=71888 Cancellation of the MEIS Scrips granted to the Respondent Company confirmed - levy of penalty - The initial supply of goods by the exporter to a logistics company is purely facilitative, for the purpose of convenience. Therefore, the relevant provisions of the FTP dealing with MEIS Scrips cannot be interpreted in a manner that permits secondary facilitative transactions to supplant the principal export transaction thus preventing actual exporters from obtaining the benefit of MEIS Scrips. - The order of revalidation of the MEIS Scrips is correct - HC en-us Fri, 08 Sep 2023 09:02:11 +0530 Fri, 08 Sep 2023 09:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71888 Cancellation of the MEIS Scrips granted to the Respondent Company confirmed - levy of penalty - The initial supply of goods by the exporter to a logistics company is purely facilitative, for the purpose of convenience. Therefore, the relevant provisions of the FTP dealing with MEIS Scrips cannot be interpreted in a manner that permits secondary facilitative transactions to supplant the principal export transaction thus preventing actual exporters from obtaining the benefit of MEIS Scrips. - The order of revalidation of the MEIS Scrips is correct - HC Highlights Customs Fri, 08 Sep 2023 09:02:11 +0530 https://www.taxtmi.com/highlights?id=71888