https://www.taxtmi.com/caselaws?id=186699 The Court ruled in favor of Simplex, quashing the recovery order demanding the refund of Terminal Excise Duty (TED). It held that the Policy Interpretation Committee (PIC) exceeded its authority in seeking recovery post-refund, emphasizing that reviews of refunds are permissible only under Section 16 of the Foreign Trade Policy. The judgment reaffirmed the statutory framework governing refund reviews, limiting authorities' power to re-determine benefits already approved. en-us Wed, 26 Feb 2014 00:00:00 +0530 Sat, 07 Jan 2017 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186699 The Court ruled in favor of Simplex, quashing the recovery order demanding the refund of Terminal Excise Duty (TED). It held that the Policy Interpretation Committee (PIC) exceeded its authority in seeking recovery post-refund, emphasizing that reviews of refunds are permissible only under Section 16 of the Foreign Trade Policy. The judgment reaffirmed the statutory framework governing refund reviews, limiting authorities' power to re-determine benefits already approved. Case-Laws Customs Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186699