Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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No Notional SWS on Duty-Free Imports Under MEIS: Supreme Court Upholds Bombay HC Ruling Allowing Re-credit
Excise, VAT & CustomOther Legal Matters
The Supreme Court has upheld a Bombay High Court ruling, allowing a "re-credit of notional SWS on duty-free imports under MEIS." The court found that since the Social Welfare Surcharge (SWS) was a notional entry, it could not be levied on duty-free imports. The ruling provides a significant relief to exporters who are part of the MEIS scheme.
