Tata Iron & Steel Co. Ltd. (TISCO), a major steel producer in India, manufactured steel products both for domestic use and export. To support exporters using domestically produced steel, the ... Government of India introduced the IPRS, aiming to reimburse the difference between the higher domestic prices and the lower international prices. TISCO availed benefits under this scheme for several years. However, in 1992, the Engineering Export Promotion Council (EEPC) alleged that TISCO had been overpaid under the IPRS and sought to recover approximately ₹10.38 crore, leading to legal proceedings.