https://www.taxtmi.com/caselaws?id=270626 Amendments to the Foreign Trade Policy limiting duty credit entitlement were treated as clarificatory and not retrospective, and the policy concession could be modified or withdrawn in public interest without infringing any vested right or Articles 14 and 19(1)(g). The challenge to the notifications therefore failed. However, the amended clause requiring greater scrutiny of claims above the prescribed value obliged the Regional Authority to apply its mind and give reasons. A bare rejection without a speaking order was inconsistent with the amended scheme, so the pending claims had to be reconsidered afresh by a reasoned decision. en-us Thu, 07 Jan 2016 00:00:00 +0530 Wed, 04 May 2016 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270626 Amendments to the Foreign Trade Policy limiting duty credit entitlement were treated as clarificatory and not retrospective, and the policy concession could be modified or withdrawn in public interest without infringing any vested right or Articles 14 and 19(1)(g). The challenge to the notifications therefore failed. However, the amended clause requiring greater scrutiny of claims above the prescribed value obliged the Regional Authority to apply its mind and give reasons. A bare rejection without a speaking order was inconsistent with the amended scheme, so the pending claims had to be reconsidered afresh by a reasoned decision. Case-Laws Customs Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270626