https://www.taxtmi.com/caselaws?id=154618 The court upheld the policy's forfeiture clause and the rejection of the force-majeure claim by the AEPC and the Appellate Committees. It emphasized the government's right to formulate economic policies to maximize foreign exchange, stating that such policies are not subject to judicial review unless they violate statutory provisions or the Constitution. The court found that the petitioner voluntarily agreed to the terms, including the forfeiture clause, and failed to provide sufficient evidence to support the force-majeure claim. The writ petition was dismissed. en-us Wed, 13 Aug 2008 00:00:00 +0530 Tue, 02 Dec 2014 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154618 The court upheld the policy's forfeiture clause and the rejection of the force-majeure claim by the AEPC and the Appellate Committees. It emphasized the government's right to formulate economic policies to maximize foreign exchange, stating that such policies are not subject to judicial review unless they violate statutory provisions or the Constitution. The court found that the petitioner voluntarily agreed to the terms, including the forfeiture clause, and failed to provide sufficient evidence to support the force-majeure claim. The writ petition was dismissed. Case-Laws Indian Laws Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154618