https://www.taxtmi.com/caselaws?id=352464 Additional licences issued under the Open General Licence regime could not be used for goods removed by a later public notice merely because the licences were earlier issued, but their continued effect depended on the subsequent policy. That policy expressly saved pre-existing commitments where irrevocable letters of credit had been opened and established through authorised dealers in foreign exchange on or before 31 March 1990. Imports falling within that saving clause were protected, while other cases required fresh factual verification. The impugned orders were therefore unsustainable in all cases, and the matters not covered by the saving clause were remitted for reconsideration. en-us Wed, 13 Dec 2017 00:00:00 +0530 Sat, 30 Jun 2018 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352464 Additional licences issued under the Open General Licence regime could not be used for goods removed by a later public notice merely because the licences were earlier issued, but their continued effect depended on the subsequent policy. That policy expressly saved pre-existing commitments where irrevocable letters of credit had been opened and established through authorised dealers in foreign exchange on or before 31 March 1990. Imports falling within that saving clause were protected, while other cases required fresh factual verification. The impugned orders were therefore unsustainable in all cases, and the matters not covered by the saving clause were remitted for reconsideration. Case-Laws Customs Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352464