Sale and purchase of DFIA licenses attract GST: AAR

In re M/S Spaceage Syntex Pvt Ltd. (GST AAR Maharashtra) Duty Credit Scrips and DFIAs are not one and the same or similar at all. They are different incentives given to exporters with different conditions and have been separately defined and explained in different Chapters of the FTP. Even though both are an incentive to exporters to promote and increase exports from the country, both the schemes are used in different circumstances and in different manner. When the FTP itself has segregated the two in different Chapters with different procedures, it would not be proper to consider the two sche...