CONCOR's total claim for the year 2015-16 to 2018-19 for SEIS was Rs.1044 crores and in view of the above information from the office of DGFT and as per Company's estimate for same, the amount of SEIS benefit on rail transportation element which DGFT is claiming as not eligible is likely to be around Rs.861 crores, this is subject to further verification by DGFT's central licensing area office.
In view of above, the Company is taking appropriate action of contesting the above decision of DGFT in line with the legal advice.
