https://www.taxtmi.com/caselaws?id=75484 A retrospective amendment to the Foreign Trade Policy could not withdraw an exporter's accrued Target Plus duty credit entitlement for exports already completed. The court held that once the exporter had acted under the existing policy and finished the required performance, the benefit had vested and was protected against retrospective deprivation. An amendment that reduces or destroys an already earned entitlement is invalid where it impairs accrued rights relied upon under the policy framework. The impugned restriction was quashed, and the balance credit benefit was directed to be extended to the exporter. en-us Mon, 08 Jun 2009 00:00:00 +0530 Sun, 18 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75484 A retrospective amendment to the Foreign Trade Policy could not withdraw an exporter's accrued Target Plus duty credit entitlement for exports already completed. The court held that once the exporter had acted under the existing policy and finished the required performance, the benefit had vested and was protected against retrospective deprivation. An amendment that reduces or destroys an already earned entitlement is invalid where it impairs accrued rights relied upon under the policy framework. The impugned restriction was quashed, and the balance credit benefit was directed to be extended to the exporter. Case-Laws Central Excise Mon, 08 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75484