https://www.taxtmi.com/caselaws?id=463677 The HC dismissed the petition, upholding denial of SFIS benefits to the petitioner company and directing return of the entire Duty Credit scrip amount under SFIS with applicable interest. The court held FTP 2009-14 and PIC interpretation require SFIS support for brands produced and developed from India; a wholly owned subsidiary of a foreign parent with an established external brand is ineligible. Reliance on the Bombay HC's analysis was affirmed and the petition found without merit. en-us Tue, 27 Jun 2017 00:00:00 +0530 Thu, 11 Sep 2025 18:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463677 The HC dismissed the petition, upholding denial of SFIS benefits to the petitioner company and directing return of the entire Duty Credit scrip amount under SFIS with applicable interest. The court held FTP 2009-14 and PIC interpretation require SFIS support for brands produced and developed from India; a wholly owned subsidiary of a foreign parent with an established external brand is ineligible. Reliance on the Bombay HC's analysis was affirmed and the petition found without merit. Case-Laws Customs Tue, 27 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463677