Budgetary Support Scheme is Unit-Specific & not Ownership-Specific: SC

Union of India & Ors. Vs Zydus Wellness Products Ltd (Supreme Court of India) The Supreme Court of India dismissed a special leave petition filed by the Union of India against Zydus Wellness Products Ltd., upholding a High Court’s ruling that the Budgetary Support Scheme (BSS) is “unit-specific.” The case centered on whether a manufacturing unit’s eligibility for budgetary support is lost if its ownership or corporate identity changes. The BSS was introduced post-GST to provide continued financial support to units in certain states, including Sikkim, that had previo...