https://www.taxtmi.com/caselaws?id=100897 A DGFT policy circular clarifying that garments made from netted fabrics fall within knitted garments for DEPB benefit was held to operate prospectively only. The exporter's goods were found to be garments made of netted fabric by thermal bonding, and the later clarification could not be applied to a shipping bill filed before its issuance because neither the EXIM Policy nor any statute showed express or implied retrospective effect. The presumption against retrospectivity in fiscal matters therefore applied, and the earlier rejection of the claim, together with confiscation and penalty, was upheld. en-us Thu, 18 Oct 2001 00:00:00 +0530 Tue, 07 Feb 2012 16:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100897 A DGFT policy circular clarifying that garments made from netted fabrics fall within knitted garments for DEPB benefit was held to operate prospectively only. The exporter's goods were found to be garments made of netted fabric by thermal bonding, and the later clarification could not be applied to a shipping bill filed before its issuance because neither the EXIM Policy nor any statute showed express or implied retrospective effect. The presumption against retrospectivity in fiscal matters therefore applied, and the earlier rejection of the claim, together with confiscation and penalty, was upheld. Case-Laws Central Excise Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100897