https://www.taxtmi.com/caselaws?id=213152 Recognition of a claim as a group company under para 9.28 of the Foreign Trade Policy required a reasoned determination by the Policy Interpretation Committee, especially where its interpretation was final and binding. An order that simply rejected the claim without addressing the relevant policy criteria or the petitioner's contention on indirect satisfaction of the voting-rights condition was held arbitrary, and its validity had to stand or fall on the reasons recorded in the order itself, not on a later affidavit. The impugned rejection was quashed and the matter was directed to be reconsidered afresh in accordance with law. en-us Thu, 03 May 2012 00:00:00 +0530 Fri, 05 Oct 2012 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213152 Recognition of a claim as a group company under para 9.28 of the Foreign Trade Policy required a reasoned determination by the Policy Interpretation Committee, especially where its interpretation was final and binding. An order that simply rejected the claim without addressing the relevant policy criteria or the petitioner's contention on indirect satisfaction of the voting-rights condition was held arbitrary, and its validity had to stand or fall on the reasons recorded in the order itself, not on a later affidavit. The impugned rejection was quashed and the matter was directed to be reconsidered afresh in accordance with law. Case-Laws Customs Thu, 03 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213152