Draft Reply - Notice for Recovery of SFIS Benefit to firms representing brand not identified as Indian Brands.
06th January 2018
Sub: Notice for Recovery of SFIS Benefit to firms representing brand not identified as Indian Brands.
Attached please find a copy of notice received by one of our members from Foreign Trade Development Officer, DGFT, Ministry of Commerce, Government of India regarding recovery of SFIS Benefits which they have availed in the form of duty scrip under SFIS Benefits. Similar notice might have been received by some other members also or they might receive the same in due course.
Please note the Hon’ble Supreme Court decision referred in the attached notice is applicable to “Brands not identified as Indian Brands” and not to all the members who have availed benefits under SFIS.
We are consulting some experts to make a suitable draft reply which we will circulate to all the members for their convenience so that members can reply on similar lines.
Thanking you and with best regards,