The Government vide Notification No. 30/2015-20 dated 01 September 2020 had amended the Foreign Trade Policy 2015-20 to insert two new paras. The said amendment had capped the ceiling on total reward under MEIS to Rs. 2 crores for an IEC holder for the period ranging from 09 September 2020 to 12 December 2020. Aggrieved by the said amendment, a Writ Petition has been filed before the Gujarat HC challenging the above amendment inter alia on two grounds:
The Gujarat HC has issued a notice to the Respondents, returnable on 19 January 2021.
Man Industries (India) Limited vs. Union of India [C/SCA/15716/2020]
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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