https://www.taxtmi.com/caselaws?id=789140 The bar on simultaneous use of Status Holder Incentive Scrips (SHIS) and Technology Upgradation Fund Scheme (TUFS) benefits under the Foreign Trade Policy applies to the original exporter whose exports generate SHIS entitlement. Where a transferee purchases SHIS scrips from other license holders and uses them to discharge duty on imported capital goods, the restriction does not extend to that transferee. The relevant customs notification permits Cenvat credit of the additional duty on such imports, and the scheme conditions and circular clarification support that position. On this basis, the denial of Cenvat credit, and the consequential demand and penalty, were not sustainable. en-us Mon, 02 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789140 The bar on simultaneous use of Status Holder Incentive Scrips (SHIS) and Technology Upgradation Fund Scheme (TUFS) benefits under the Foreign Trade Policy applies to the original exporter whose exports generate SHIS entitlement. Where a transferee purchases SHIS scrips from other license holders and uses them to discharge duty on imported capital goods, the restriction does not extend to that transferee. The relevant customs notification permits Cenvat credit of the additional duty on such imports, and the scheme conditions and circular clarification support that position. On this basis, the denial of Cenvat credit, and the consequential demand and penalty, were not sustainable. Case-Laws Central Excise Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789140