https://www.taxtmi.com/caselaws?id=212648 A later circular that, in substance, imposed a new value cap on DEPB credit for woven jackets could not be applied retrospectively to exports already governed by the earlier policy regime. The court held that entitlement had to be determined by the DEPB rate prevailing on the date of export, and a beneficial policy change could not be used to curtail accrued benefits without demonstrated public interest or justification. Because the exporter had acted under the earlier regime and the later circular materially reduced the benefit, retrospective application was impermissible and the higher DEPB entitlement was upheld. en-us Mon, 25 Jul 2011 00:00:00 +0530 Thu, 10 Dec 2015 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212648 A later circular that, in substance, imposed a new value cap on DEPB credit for woven jackets could not be applied retrospectively to exports already governed by the earlier policy regime. The court held that entitlement had to be determined by the DEPB rate prevailing on the date of export, and a beneficial policy change could not be used to curtail accrued benefits without demonstrated public interest or justification. Because the exporter had acted under the earlier regime and the later circular materially reduced the benefit, retrospective application was impermissible and the higher DEPB entitlement was upheld. Case-Laws Customs Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212648