https://www.taxtmi.com/caselaws?id=68104 A later import restriction cannot override a prior irrevocable letter of credit unless the restriction has been reasonably published and made effective to the public. Under paragraph 1.3 of the Export and Import Policy, imports covered by an irrevocable letter of credit established before the restriction remain protected, but only for shipment within the credit's original validity. That protection is limited to the quantity actually covered by the letter of credit and does not extend to additional contracted goods beyond its monetary scope. The shipment period may be enlarged only to the limited extent directed for the covered quantity. en-us Fri, 23 Jan 2004 00:00:00 +0530 Wed, 16 Mar 2011 18:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68104 A later import restriction cannot override a prior irrevocable letter of credit unless the restriction has been reasonably published and made effective to the public. Under paragraph 1.3 of the Export and Import Policy, imports covered by an irrevocable letter of credit established before the restriction remain protected, but only for shipment within the credit's original validity. That protection is limited to the quantity actually covered by the letter of credit and does not extend to additional contracted goods beyond its monetary scope. The shipment period may be enlarged only to the limited extent directed for the covered quantity. Case-Laws Central Excise Fri, 23 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68104