https://www.taxtmi.com/caselaws?id=169204 Export prohibition on silver validly imposed under the statutory control regime applied even to commitments made before the ban, with no exception based solely on pre-ban contracts. The supplier had offered delivery, but STC could not accept performance because exports were prohibited. In the special circumstances, equitable relief under Article 136 prevented enforcement of the contractual indemnity clause against the supplier, avoiding unfair exposure to foreign liability. The broader question whether export prohibition automatically relieves a party from indemnity obligations remained open. en-us Thu, 08 May 1980 00:00:00 +0530 Tue, 07 Apr 2015 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169204 Export prohibition on silver validly imposed under the statutory control regime applied even to commitments made before the ban, with no exception based solely on pre-ban contracts. The supplier had offered delivery, but STC could not accept performance because exports were prohibited. In the special circumstances, equitable relief under Article 136 prevented enforcement of the contractual indemnity clause against the supplier, avoiding unfair exposure to foreign liability. The broader question whether export prohibition automatically relieves a party from indemnity obligations remained open. Case-Laws Indian Laws Thu, 08 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169204