https://www.taxtmi.com/caselaws?id=207408 A statutory ban on cotton yarn exports had to be imposed by notification in the Official Gazette; a press release alone could not satisfy the Foreign Trade (Development and Regulation) Act, 1992, so the press release was invalid. The later notification was upheld because it was treated as a Central Government measure, operated prospectively from the relevant trigger point, and was supported by policy considerations and industry notice. Challenges based on authority, retrospectivity, arbitrariness, promissory estoppel, legitimate expectation, and special treatment for a 100% export-oriented unit were rejected, as no vested right to export was shown and judicial restraint applied to the economic policy decision. en-us Thu, 17 Feb 2011 00:00:00 +0530 Tue, 15 May 2012 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207408 A statutory ban on cotton yarn exports had to be imposed by notification in the Official Gazette; a press release alone could not satisfy the Foreign Trade (Development and Regulation) Act, 1992, so the press release was invalid. The later notification was upheld because it was treated as a Central Government measure, operated prospectively from the relevant trigger point, and was supported by policy considerations and industry notice. Challenges based on authority, retrospectivity, arbitrariness, promissory estoppel, legitimate expectation, and special treatment for a 100% export-oriented unit were rejected, as no vested right to export was shown and judicial restraint applied to the economic policy decision. Case-Laws Customs Thu, 17 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207408