https://www.taxtmi.com/caselaws?id=72889 Promissory estoppel could not restrain the Government from revising export policy or statutory export control orders made under legislative power, especially where the measures were adopted in public interest to conserve silver stocks. The doctrine does not operate against statute or legislative action, so the policy change was upheld. The claimed contracts also did not qualify as firm pre-control commitments under the import-export handbook, because they were flexible and repeatedly extended, and the handbook itself did not create an enforceable right to an export licence or permission to export. As a result, no enforceable export entitlement arose under the guidelines. en-us Thu, 03 Mar 1983 00:00:00 +0530 Sat, 10 Aug 2013 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72889 Promissory estoppel could not restrain the Government from revising export policy or statutory export control orders made under legislative power, especially where the measures were adopted in public interest to conserve silver stocks. The doctrine does not operate against statute or legislative action, so the policy change was upheld. The claimed contracts also did not qualify as firm pre-control commitments under the import-export handbook, because they were flexible and repeatedly extended, and the handbook itself did not create an enforceable right to an export licence or permission to export. As a result, no enforceable export entitlement arose under the guidelines. Case-Laws FEMA Thu, 03 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72889