The issue pertains tointerpretation of the provisions of FTP – 2009-14 in relation to Served FromIndia Scheme. One side represented by multinational brands like Yum Restaurants,Several Hotels like Le Meridian, Johnson and Johnson and ThyssenKrupp, engagedin export of services while other side represented by DGFT stating that they are notentitled to the Duty Credit scrip under the Served from India Scheme as theyare not promoting Indian Brands.

Delhi HC says they should getit while Mumbai HC says NO. Now, Multinational will need to approach big daddysupreme court and litigation will continue…………

What will happened to those who have already encashed it?