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    Export proceeds realisation duties and director liability under FEMA were narrowed, with penalties partly sustained and reduced.
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      A notification changing the import policy for goods under CTH...

      Prospective operation of import restrictions: e-Gazette publication time controls, so pre-publication consignments remain under the earlier policy.

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      CustomsJune 6, 2026Case LawsHC
      A notification changing the import policy for goods under CTH 7113 from "Free" to "Restricted" took effect only on publication in the e-Official Gazette, and the exact time of electronic publication was legally material. Consignments that had already been dispatched and had arrived in India before that publication could not be subjected to the later restriction, because subordinate legislation under the foreign trade regime operates prospectively. Since the last consignment had reached the port before the notification was published, the earlier import policy governed, and the authorities were directed to clear and release the goods.

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      ActsIncome Tax