Supreme Court · 2005 INSC 38 · Decided 18 January 2005
M/S. Larsen & Toubro LTD. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 38 · [2005] 1 S.C.R. 533
- Case number
- CIVIL APPEAL No. 3025/2003
- Decided
- 18 January 2005
- Bench
- ASHOK BHAN, A.K. MATHUR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
B c· Export contracts-International Price Reimbursement Scheme (IPRS)­ Export Import Policy-Para 190(g)-Unit located at Free Trade Zone (FTZ) obtained export order of engineering goods in 1986-Raw Material of steel procured from domestic sources at prevailing domestic price-Claim for of IP RS-Entitlement of-Held: IPRS was extended to units located in FTZ for the first time in 1991 provided it does mt amount to 'deemed export'-Further, supplies of raw materials from Domestic Tari.ff Area to units in FTZ is 'deemed exports', thus unit cannot claim benefit under D
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