https://www.taxtmi.com/caselaws?id=83502 Advance licences under the Duty Exemption Scheme had to be assessed under the value addition norms in force when the applications were filed, because the later Public Notice of 25 September 1992 operated prospectively only. Exports already made in reliance on the earlier 1000% norm could not be governed by the revised 1900% norm, and later policy amendments effective from 1 April 1993 and 8 February 1994 were likewise inapplicable absent express retrospectivity. Applying the revised norm to pending applications would be arbitrary and contrary to the policy scheme, and would engage promissory estoppel or analogous principles. en-us Mon, 11 Apr 1994 00:00:00 +0530 Wed, 13 Jul 2011 17:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83502 Advance licences under the Duty Exemption Scheme had to be assessed under the value addition norms in force when the applications were filed, because the later Public Notice of 25 September 1992 operated prospectively only. Exports already made in reliance on the earlier 1000% norm could not be governed by the revised 1900% norm, and later policy amendments effective from 1 April 1993 and 8 February 1994 were likewise inapplicable absent express retrospectivity. Applying the revised norm to pending applications would be arbitrary and contrary to the policy scheme, and would engage promissory estoppel or analogous principles. Case-Laws Customs Mon, 11 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83502