Benefit of SFIS cannot be denied only on ground that companies were subsidiaries of foreign companies

Benefit of the ‘Served from India Scheme’ cannot be denied only on the ground that the companies were subsidiaries of foreign companies

Yum Restaurants (I) Pvt. Ltd.&Anr(the Petitioners)are companies incorporated under the erstwhile Companies Act, 1956 and have their registered office situated in India. The Petitioners applied for license (Duty Credit Scrips) in terms of the‘Served from India Scheme’ (SFIS)as framed under the Foreign Trade Policy (

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