https://www.taxtmi.com/caselaws?id=175563 The Director General of Foreign Trade's clarificatory power under the Export and Import Policy could not be used to substantively amend paragraph 127(v) of the Handbook of Procedure by circular. A change substituting "date of transfer" with "date of endorsement of transferability" was treated as an amendment, not a mere clarification, and the policy required such change to be made only by public notice. Because the later public notice post-dated the import in question, the circular could not retrospectively govern that transaction or invalidate it on the basis of the amended wording. en-us Wed, 17 Apr 1996 00:00:00 +0530 Thu, 26 Nov 2015 15:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175563 The Director General of Foreign Trade's clarificatory power under the Export and Import Policy could not be used to substantively amend paragraph 127(v) of the Handbook of Procedure by circular. A change substituting "date of transfer" with "date of endorsement of transferability" was treated as an amendment, not a mere clarification, and the policy required such change to be made only by public notice. Because the later public notice post-dated the import in question, the circular could not retrospectively govern that transaction or invalidate it on the basis of the amended wording. Case-Laws Indian Laws Wed, 17 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175563