https://www.taxtmi.com/caselaws?id=764201 Under a beneficial export-credit regime, the requirement to submit export documents within the stipulated period was treated as directory where the exports themselves were effected within the maximum permissible tenure; the documents were regarded as evidence of timely export performance, not as an absolute condition that would defeat subvention for a short delay in filing. By contrast, where exports did not materialise within the prescribed period, the advances ceased to qualify as export credit and subvention was unavailable. The result was partial relief: subvention was restored for the first set of advances linked to timely exports, while reversal of subvention for the second set was upheld. en-us Fri, 03 Jan 2025 00:00:00 +0530 Mon, 06 Jan 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764201 Under a beneficial export-credit regime, the requirement to submit export documents within the stipulated period was treated as directory where the exports themselves were effected within the maximum permissible tenure; the documents were regarded as evidence of timely export performance, not as an absolute condition that would defeat subvention for a short delay in filing. By contrast, where exports did not materialise within the prescribed period, the advances ceased to qualify as export credit and subvention was unavailable. The result was partial relief: subvention was restored for the first set of advances linked to timely exports, while reversal of subvention for the second set was upheld. Case-Laws FEMA Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764201