MEIS export rewards are revenue income because they offset business costs rather than fund capital investment or expansion.

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....MEIS duty credit scrips received under the Foreign Trade Policy 2015 are treated as revenue receipts taxable as income from assessment year 2016-17. Applying the purpose test, the rewards offset export-related costs and infrastructure inefficiencies and enable more profitable conduct of export business. Their computation by reference to completed exports, recurring nature, transferability and unrestricted usability support their revenue character; they are not linked to capital investment, establishment or expansion, nor earmarked for a capital purpose. Government assistance "by whatever name called" covers MEIS rewards, including grants or cash incentives, without limitation by ejusdem generis.....