MEIS scrip can be cancelled even if validity period has expired: Madras HC

Daimler India Commercial Vehicles Pvt. Ltd Vs Additional Director General of Foreign Trade (Madras High Court) Madras High Court held that the Merchandise Exports Incentive Scheme (MEIS) scrip can be cancelled even if the scrips are availed off and the validity period of 24 months has expired. Accordingly, matter is remanded back to enable authority to apply its mind. Facts- The petitioners are engaged in the activity of designing, manufacturing and selling Commercial Vehicles [trucks and buses] in India for domestic sales, as well as for exporting the said vehicles abroad. The petitioners exp...