https://www.taxtmi.com/caselaws?id=267271 The SC upheld the validity of notifications issued to prevent misuse of the export promotion scheme after authorities discovered rampant abuse by status holders in gem and jewellery exports. The court found that a January 28, 2004 notification was clarificatory in nature and valid, but declared the DGFT's public notice of the same date ultra vires for exceeding procedural powers. Subsequent notifications dated April 21 and 23, 2004 were held to be prospective only, not retrospective, as delegated legislation cannot operate retrospectively without express statutory power. The court rejected the doctrine of promissory estoppel claims, ruling that exporters who misused the scheme acquired no vested rights. The decision favored revenue authorities in preventing scheme abuse while limiting retrospective application of corrective measures. en-us Tue, 27 Oct 2015 00:00:00 +0530 Tue, 15 Jul 2025 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267271 The SC upheld the validity of notifications issued to prevent misuse of the export promotion scheme after authorities discovered rampant abuse by status holders in gem and jewellery exports. The court found that a January 28, 2004 notification was clarificatory in nature and valid, but declared the DGFT's public notice of the same date ultra vires for exceeding procedural powers. Subsequent notifications dated April 21 and 23, 2004 were held to be prospective only, not retrospective, as delegated legislation cannot operate retrospectively without express statutory power. The court rejected the doctrine of promissory estoppel claims, ruling that exporters who misused the scheme acquired no vested rights. The decision favored revenue authorities in preventing scheme abuse while limiting retrospective application of corrective measures. Case-Laws Customs Tue, 27 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267271