Implementation of Hon'ble Supreme Court's Judgement dated 27.10.2015 in C.A. No. 554 of 2006 titled DGFT v/s Kanak Exports

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....'s Judgement dated 27.10.2015 in C.A. No. 554 of 2006 titled DGFT v/s Kanak Exports. Attention is invited to the Target Plus Scheme (TPS) (Para 3.7.1 of FTP 2004-2009) which was announced by DGFT on 31.08.2004 with the objective to accelerate growth in exports by rewarding Star Export Houses who have achieved minimum export turnover in free foreign exchange of ₹ 10 crores in previous li....

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.... 73/2006-cus, dated 10.07.2006 to implement Target Plus Scheme for 2005-06. The revenue notifications inter alia included the extended list of ineligible exports as per amendments made by DGFT. 2 The retrospective amendments by DGFT of Target Plus Scheme 2005-2006 were challenged in various courts. The Hon'ble Supreme Court in its judgment dated 27.10.2015 (in the matter of DGFT v/s Kanak Exp....