Clarification regarding benefit under Incremental Export Incentivisation Scheme (IEIS) notified vide Notification No.27 dated 28th December 2012

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....GFT 2. Customs Authorities Subject: Clarification regarding benefit under Incremental Export Incentivisation Scheme (IEIS) notified vide Notification No.27 dated 28th December 2012. The Incremental Export Incentivisation Scheme (IEIS) was introduced vide Notification No.27 dated 28.12.2012. Under the scheme, an INC holder was entitled for duty credit scrip (a,) 2% on the incremental growth dur....

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....e upper limit of grant of benefit. The second sub-para in the Notification only directs RAs to exercise caution while dealing with cases of incremental growth of export under the scheme. It does not entitle any applicant to higher levels of benefits under the scheme. 4. The Notification No. 44 dated 25.09.2013 on the issue of limiting the entitlement has been challenged by many exporters in diffe....

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.... Notification No.27 dated 28.12.2012 may also be carefully seen, in addition to other relevant provisions. Inter alia, transfer of' export performance from any other IEC holder was not permitted under the scheme as per Para 3.14.4 (d). Similarly disclaimer provision of Para 3.17.10(b) was also not admissible as per Para 3.14.4(c). (iii) If in any case there are doubts/ suspicions about the a....