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Customs - Highlights / Catch Notes

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100% EOU - Seeking the SHIS (Status Holder Incentive Scrip) - ...


Court Rules EOU Entitled to SHIS Incentives; Authentication Rules Cannot Block Policy Amendment by Central Government.

November 24, 2022

Case Laws     Customs     HC

100% EOU - Seeking the SHIS (Status Holder Incentive Scrip) - status holder is entitled to a Duty Credit Scrip @ 1% of FOB value of exports - the Respondent cannot take advantage of the Authentication Rules to contend that amending the very policy itself is authenticated by the Central Government. As the product is not disputed and export is also not disputed, when the foreign policy clearly covers the Plastics, the Petitioner is certainly entitled to incentives as per policy. - HC

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