2014 (9) TMI 523

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....h reads as under : "14. For these reasons, the Circular dated 15 July 2010 insofar as it directs the implementation of the decisions taken at Serial Nos. 1, 2(b), 4(ii) and 4(iii) of the meeting of the PIC dated 5 July 2010 is ultra vires the Foreign Trade Policy for 2004-09 in its application to Petitioner. Consequently, the directions contained in paragraph 3 of the Circular to reopen the SFIS cases and to make recoveries in accordance with the decisions taken at the PIC meeting of 5 July 2010 is quashed and set aside as regards the implementation of the decision at Serial Nos. 1, 2(b), 4(ii) and 4(iii). All consequential actions shall follow in accordance with the directions contained hereinabove. However, we clarify that it would ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t dated 5/6 July 2011 in Writ Petition No. 932 of 2011. 6. Learned Counsel for the Petitioner thereupon placed on record following summary of Petitioner's SFIS applications : Period Date of Application Amount on Gross Basis (In Crores) Amount on Net Basis (In Crores) (1) (2) (3) (4) 2006-07 07-12-2007 173.9 82.12* 2007-08 12-11-2008 100.17 34.90 2008-09 10-12-2009 86.52 7.46 2009-10 23-12-2010 31.4 13.00 * Entitlement claimed on bet basis for 2006-07. Benefit granted on net basis to the extent of Rs. 81.96 crore, comprising : (i) Rs. 65,96,74,703/- of foreign exchange earned towards services provided as an IILDO/Indian carrier; and (ii) Rs. 16,16,15,297/- towards last mile termination charges paid to l....