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2016 (2) TMI 321 - GUJARAT HIGH COURT

2016 (2) TMI 321 - GUJARAT HIGH COURT - TMI - Re-validation Status Holders Incentive Scrip (SHIS) scheme - It is submitted that on account of wrong action on part of the authorities in crediting the said duty amount, the petitioner could not utilize the duty during the original licence period, which at the relevant time was approximately 15 months duration left. - Held that:- Be that as it may, now that the authorities have done both, re-crediting the amount as well as extended the validity peri .....

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re-credited amount of ₹ 4.69 crores (rounded off). Learned Counsel for the petitioner, while agreeing that by virtue of such development, substantial portion of the petitioner's grievance get resolved, submitted that on account of wrong action on part of the authorities in crediting the said duty amount, the petitioner could not utilize the duty during the original licence period, which at the relevant time was approximately 15 months duration left. Pursuant to order dated 02.09.2015 p .....

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