Delhi HC to hear challenge on curtailment of export benefits under Advance Authorisation Scheme

Delhi HC issues notice to Revenue, shall hear petition challenging curtailment of duty exemption benefits under Advance Authorisation scheme of Foreign Trade Policy, post implementation of GST; While upfront exemption is extended only to Basic Customs Duty, exporters are required to pay IGST on imports and / or CGST + SGST / UTGST on domestic procurements and thereafter claim refund; According to the petitioner, such mechanism adversely affects the working capital and puts al...