August 25, 2015
Sub: Meeting with exporters to discuss issues relating to Incremental Export Incentivization Scheme (IEIS)
Shri S.K.Saraf of Indian Exporters Grievence Redressal Forum (IEGRF) presided over the Meeting. The Meeting was attended by Shri Ganesh Kumar Gupta, Shri M.L.Jhunjhunwala, representative of CAPEXIL and affected members of the IEIS Scheme. As directed by ED, I represented the Council and attended the Meeting.
Shri Saraf informed the participants that the retrospective amendments to IEIS are bad in law and the practice of such amendments should be discouraged at all levels. Efforts made by EPCs and Associations to get these amendments receded have failed. He also said that the department has become more aggressive. They are not only asking to surrender the scripts already issued, in some cases, they are also adjusting the amounts from the future claims. As majority member-exporters are affected by this problem, the Indian Exporters Grievence Redressal Forum (IEGRF) has decided to hold this meeting with a view to discuss the issue and to formulate suitable strategy to come out of the situation.
It was informed at the meeting that EPCs like SRTEPC, TEXPROCIL should inform their members to participate in the noble cause so that the affected members receive their dues, by taking legal course.
Adv. Vikram Nankani from Economic Law Practice (ELP), Mumbai and Lakshmikumaran & Sridharan were shortlisted as Law Firms to sort this issue. Members present were requested to contribute a minimum of Rs.50,000/- each from the affected exporters. A senior official from Economic Law Practice was present during the Meeting who explained the affected members the way to formulate a strategy to represent the matter effectively.
However, we may advise the Forum to re-look at reducing the contribution amount and also considering part payment like 50%, in view of large number of SSI involved in the IEIS.
It was informed by Shri Saraf that as time is very short a decision has to be taken at the earliest.
As many of our member-exporter are facing this grave situation, the Council seeks participation of its members to this cause.
Thanking you,
SYBIL MARQUES
ASSISTANT DIRECTOR
