https://www.taxtmi.com/caselaws?id=126229 The court upheld the policy of forfeiture for non-fulfillment of export obligations, emphasizing the government's right to design such policies to maximize foreign exchange. However, the court found merit in the petitioner's force majeure claim related to reclassification by German Customs, remitting the case for reconsideration by the First Appellate Committee to provide a fair opportunity for the petitioner to present evidence supporting their claim. en-us Thu, 24 Jan 2008 00:00:00 +0530 Mon, 15 Dec 2014 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126229 The court upheld the policy of forfeiture for non-fulfillment of export obligations, emphasizing the government's right to design such policies to maximize foreign exchange. However, the court found merit in the petitioner's force majeure claim related to reclassification by German Customs, remitting the case for reconsideration by the First Appellate Committee to provide a fair opportunity for the petitioner to present evidence supporting their claim. Case-Laws Indian Laws Thu, 24 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126229