https://www.taxtmi.com/caselaws?id=73207 A replenishment entitlement that had accrued under the earlier import-export policy could not be curtailed by restrictions introduced in a later policy. The exporters had already completed the export obligation when the right to replenishment arose, and the transitional provision in paragraph 254 of Chapter 23 of the 1984 Import Export Policy did not authorise reduction of that accrued entitlement where the imported item remained the same and the overall replenishment due was unchanged. The court held that the impugned ceiling in the replenishment licence was unsustainable, and the licence had to be issued according to the earlier policy without applying the later restriction. en-us Tue, 28 Jul 1987 00:00:00 +0530 Fri, 27 Jan 2012 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73207 A replenishment entitlement that had accrued under the earlier import-export policy could not be curtailed by restrictions introduced in a later policy. The exporters had already completed the export obligation when the right to replenishment arose, and the transitional provision in paragraph 254 of Chapter 23 of the 1984 Import Export Policy did not authorise reduction of that accrued entitlement where the imported item remained the same and the overall replenishment due was unchanged. The court held that the impugned ceiling in the replenishment licence was unsustainable, and the licence had to be issued according to the earlier policy without applying the later restriction. Case-Laws Customs Tue, 28 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73207