TMI Blog2014 (10) TMI 818X X X X Extracts X X X X X X X X Extracts X X X X ..... ling interest over it. Nowhere it is stated, any benefit accrued to the petitioner company or similarly situated applicant would be denied for the reason that for the partnership firm or private limited company in which applicant having controlling interest has liability towards Export Promotion of Capital Goods Scheme. It is to be noted that the petitioners are public limited company and totally ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in manufacture and export of cotton yarn. The issue pertaining to these writ petitions is based on the Foreign Trade Policy 2009-2014. The scheme floated under the Foreign Trade Policy called Focus Market Scheme is to offset high freight cost and other externalities incurred by the exporter when exporting goods to select international markets with a view to enhance India's export competitiv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, statement has been filed on behalf of respondents. It is stated in the statement that the official respondents have no intention to deny benefit due to the petitioner. However, the audit team of inspection found that the Directors of the petitioner company are the Directors of M/s.Patspin India Ltd., and without regularising the dues from M/s.Patspin India Ltd., the petitioner company are not e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mited company. 3. Rule 7(f) enables the Director either to refuse or to grant renewal of licence if the applicant is a Managing Partner in a partnership firm or Director of a private limited company having controlling interest over it. Nowhere it is stated, any benefit accrued to the petitioner company or similarly situated applicant would be denied for the reason that for the partnership firm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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