https://www.taxtmi.com/caselaws?id=209713 The court held in favor of the petitioners, ruling that the public notice issued by the DGFT on 31 March 2011, which withdrew DEPB benefits for cotton exports, could only have prospective effect from its issuance date. Consequently, recoveries sought prior to the notice were deemed illegal and set aside. The court emphasized that the DGFT lacked the authority to make retrospective changes to accrued benefits, stating that such actions must align with statutory provisions. The petitioners succeeded in their challenge, with no costs awarded. en-us Fri, 07 Oct 2011 00:00:00 +0530 Tue, 10 Apr 2012 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209713 The court held in favor of the petitioners, ruling that the public notice issued by the DGFT on 31 March 2011, which withdrew DEPB benefits for cotton exports, could only have prospective effect from its issuance date. Consequently, recoveries sought prior to the notice were deemed illegal and set aside. The court emphasized that the DGFT lacked the authority to make retrospective changes to accrued benefits, stating that such actions must align with statutory provisions. The petitioners succeeded in their challenge, with no costs awarded. Case-Laws Customs Fri, 07 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209713