10th January 2018
 
To All Members,
 
Subject: Draft Reply - Notice for Recovery of SFIS Benefit to firms representing brand not identified as Indian Brands.
 
Dear Friends,
 
This is further to our circular dated 6th January 2018 regarding notice for recovery of SFIS Benefits being received by our members. (Copy placed below)
 
Attached please find a draft reply which has been made in consultation with expert. All our members who have already received or may receive the above notice, may send the reply as per enclosed draft.
 
Thanking you and with best regards,
 
Sincerely,
 
 
Pronab Sarkar
 
President
 

06th January 2018

To,

All Members,

Dear Colleagues,

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,

 

Pronab Sarkar

President

Click here to see the document