Implementation of Hon'ble Supreme Court's Judgement dated 27.10.2015 in C.A. No. 554 of 2006 titled DGFT v/s Kanak Exports

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..... ation of Hon'ble Supreme Court's Judgement dated 27.10.2015 in C.A. No. 554 of 2006 titled DGFT v/s Kanak Exports. Attention is invited to the Target Plus Scheme (TPS) (Para 3.7.1 of FTP 2004-2009) which was announced by DGFT on 31.08.2004 with the objective to accelerate growth in exports by rewarding Star Export Houses who have achieved minimum export turnover in free foreign exchang .....

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..... the Department issued Notification No. 73/2006-cus, dated 10.07.2006 to implement Target Plus Scheme for 2005-06. The revenue notifications inter alia included the extended list of ineligible exports as per amendments made by DGFT. 2 The retrospective amendments by DGFT of Target Plus Scheme 2005-2006 were challenged in various courts. The Hon'ble Supreme Court in its judgment dated 27.10. .....

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..... also been amended vide Notification No. 22/2017-Customs, dared 31.05.2017. 4. Further, to rule out any misuse of the scheme, DGFT has issued Trade Notice No. 06/2018, dated 08.5.2017 inter-alia setting up Zonal Committees for scrutiny of claims. The procedure specified in the DGFTs Trade Notice is self-explanatory. Thus, TPS Scrips will now be issued for exports of 2005-2006 after scrutiny by .....

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