https://www.taxtmi.com/caselaws?id=209713 DEPB benefits on cotton exports could be withdrawn prospectively through a public notice issued under the Foreign Trade Policy, but not retrospectively where exporters' entitlement had already accrued. The DGFT's powers to implement the policy, issue public notices and resolve interpretative questions did not authorise a substantive retrospective withdrawal of the incentive. The retrospective disallowance for shipments made between 21 April 2010 and 31 March 2011, and related recoveries, were invalid; the withdrawal remained effective only prospectively. 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+0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209713 DEPB benefits on cotton exports could be withdrawn prospectively through a public notice issued under the Foreign Trade Policy, but not retrospectively where exporters' entitlement had already accrued. The DGFT's powers to implement the policy, issue public notices and resolve interpretative questions did not authorise a substantive retrospective withdrawal of the incentive. The retrospective disallowance for shipments made between 21 April 2010 and 31 March 2011, and related recoveries, were invalid; the withdrawal remained effective only prospectively. Case-Laws Customs Fri, 07 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209713