Bombay HC Questions recovery of SFIS benefits via SCN issued after 10 Years

Aker Powergas Pvt. Ltd. Vs Union of India & Ors. (Bombay High Court) Bombay HC Questions recovery of SFIS benefits via SCN issued after 10 Years, directs Revenue to take instructions The Petitioner is a manufacturer. It was granted licenses by the DGFT under the Foreign Trade Policy (FTP 2104-2019) . It availed benefit of the “Served from India Scheme” (SFIS). The scrips were issued in 2013 and export obligation discharge certificate (EOD) was issued in 2015. Based on recent decision of the Supreme Court in Cummins case; where the High Court held that the said scheme is avail...