Grant of benefits under Served From India Scheme (SFIS) and Para 5.4(v) of FTP RE2007, clarification

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....f EPCG Scheme - FTP RE2007. It is provided therein that "Foreign exchange counted towards fulfillment of EO (over and above the average) shall not be eligible for incentives / rewards under promotional measures / schemes". This clause has been deleted in FTP RE2008. 2. In so far as Service Providers are concerned, it is clarified that Para 5.4(v) of FTP RE2007 applies to foreign exchange earned....

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....bove and report the same to headquarters within 45 days of issue of this circular. In case it is found that excess SFIS benefit for foreign exchange earned during 2007-08 has already been granted in a particular case, recovery may be effected immediately (by surrender of unused duty credit scrip, reducing the value of SFIS duty credit scrip, or deposit of TR challan, or any adjustment from any pen....