https://www.taxtmi.com/caselaws?id=3228 A later Foreign Trade Policy prohibition on sugar exports did not apply to consignments covered by an irrevocable letter of credit opened before the restriction, because the transitional clause preserved shipments that were earlier freely permitted within the letter of credit's validity period. Customs also had no lawful basis to stop export merely for absence of clearance from the Directorate of Sugar, as the governing control order and standing order did not authorise such refusal. The writ application therefore succeeded and export of the covered quantity of sugar within the credit period was permitted. en-us Wed, 02 Aug 2006 00:00:00 +0530 Wed, 16 Apr 2008 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3228 A later Foreign Trade Policy prohibition on sugar exports did not apply to consignments covered by an irrevocable letter of credit opened before the restriction, because the transitional clause preserved shipments that were earlier freely permitted within the letter of credit's validity period. Customs also had no lawful basis to stop export merely for absence of clearance from the Directorate of Sugar, as the governing control order and standing order did not authorise such refusal. The writ application therefore succeeded and export of the covered quantity of sugar within the credit period was permitted. Case-Laws Customs Wed, 02 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3228