https://www.taxtmi.com/caselaws?id=752228 Customs authorities cannot independently cancel or disregard a valid MEIS scrip, or recover benefits already utilised, merely by reclassifying exported goods. MEIS entitlement flows from the foreign trade regime, and suspension or cancellation lies with the licensing authority after due process, not with customs acting on its own assessment view. Where the recovery basis fails, consequential confiscation, redemption fine, interest, and penalties also fail. The document emphasises the separation between export incentive administration and customs assessment, and that post-export reclassification cannot be used to defeat incentives outside the statutory MEIS framework. en-us Wed, 01 May 2024 00:00:00 +0530 Tue, 18 Nov 2025 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752228 Customs authorities cannot independently cancel or disregard a valid MEIS scrip, or recover benefits already utilised, merely by reclassifying exported goods. MEIS entitlement flows from the foreign trade regime, and suspension or cancellation lies with the licensing authority after due process, not with customs acting on its own assessment view. Where the recovery basis fails, consequential confiscation, redemption fine, interest, and penalties also fail. The document emphasises the separation between export incentive administration and customs assessment, and that post-export reclassification cannot be used to defeat incentives outside the statutory MEIS framework. Case-Laws Customs Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752228