Exporters Lose Challenge to Merchandise Exports Scheme Benefit Denial Due to Delayed Foreign Exchange Remittance

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....HC dismissed the petition challenging the Merchandise Exports from India Scheme (MEIS) benefit denial. The Policy Review Committee (PRC) rejected the export benefit claim due to delayed foreign exchange remittance beyond the prescribed three-year period. For 6 out of 8 shipping bills, payment was realized within three years, allowing potential late fee benefits, which the petitioner did not pursue. The remaining bills were received beyond the stipulated timeframe, rendering them ineligible. The court found no jurisdictional error or arbitrariness in the PRC's decision and upheld the administrative discretion, concluding that policy relaxation cannot be claimed as a substantive right and is subject to exceptional circumstances.....