Search Results for "Foreign Trade Policy"

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Supreme Court Allows Appeals in Foreign Trade Act Case -- Interpretation of Date of Notification as Gazette Publication Date -- Transitional Protection Granted to Importers With Prior Letters of Credit

The Supreme Court allowed civil appeals filed by Appellants against the Union of India, challenging a Notification imposing Minimum Import Price on st...

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Quashing of Show Cause Notice issued by the Director General of Foreign Trade under the Foreign Trade (Development and Regulation) Act, 1992 – Applicability of Policy Circular and Doctrine of Res Judicata – Prospective and Retrospective Clarification of Foreign Trade Policy, 2004–2009

The High Court of Bombay quashed and set aside the Impugned SCN, holding that it was barred by the doctrine of res judicata and constituted an arbitra...

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High Court Quashes Non-Admissible Appeal Order in MEIS Scrip Dispute. Resolving ambiguity in appeal provisions under the Foreign Trade (Development and Regulation) Act, 1992.

  Maintainability of Appeal: Rejection letters from JDGFT constitute appealable decisions under Section 15. The ADGFT acted within its jurisdictio...

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"Resolving Bureaucratic Glitches: High Court Orders MEIS Benefits for L&T Despite Systemic Challenges" "Human Discretion Prevails Over Technological Lapses in Granting Export Incentives"

The Bombay High Court ruled in favor of Larsen & Toubro Limited (L&T) regarding the grant of benefits under the Merchandise Exports from India...

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Court Quashes Customs' Seizure of Gold Chain, Orders Refund of Rs. 35,00,000 to Petitioner. Misapplication of Baggage Rules and Unjust Penalty Overturned; Personal Effects Defined and Upheld

The court reviewed the case of a petitioner whose gold chain with pendant was seized by Customs on allegations of smuggling. The petitioner argued tha...

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Supreme Court Clarifies Penalty Imposition under FT Act: Rehabilitation Scheme's Scope Examined Interpreting Section 11(2) and SICA Provisions

Foreign Trade (Development and Regulation) Act, 1992 - Imposition of penalty for non-fulfillment of export obligation under an Export Promotion Capita...

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Supreme Court Dismisses Appeal in Duty Drawback Interest Case, Upholding High Court's Award of Interest for Delayed Refund. Clarificatory Circulars Under Exim Policy Have Retrospective Effect, Making Contractor Eligible for Duty Drawback and Interest Under Sections 27A and 75A of Customs Act, 1962.

The dispute arose from the respondent's claim for duty drawback under the deemed export scheme for civil construction work in the Koyna Hydro Electric...