https://www.taxtmi.com/caselaws?id=353441 Amended import policy on 28.02.2013 made second-hand digital multifunctional printers and copying machines licensable, so post-amendment imports were treated as violating the Foreign Trade Policy and attracted redemption fine and penalty. Imports made before 28.02.2013 remained governed by the earlier unrestricted position and were not subject to the amended licensing requirement. The Tribunal therefore applied the restriction only to post-amendment consignments and granted relief for pre-amendment imports. The discussion confirms that the legal effect of a policy amendment depends on the date of import, with the new restriction operating prospectively unless the text provides otherwise. en-us Tue, 02 Jan 2018 00:00:00 +0530 Wed, 14 Feb 2018 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353441 Amended import policy on 28.02.2013 made second-hand digital multifunctional printers and copying machines licensable, so post-amendment imports were treated as violating the Foreign Trade Policy and attracted redemption fine and penalty. Imports made before 28.02.2013 remained governed by the earlier unrestricted position and were not subject to the amended licensing requirement. The Tribunal therefore applied the restriction only to post-amendment consignments and granted relief for pre-amendment imports. The discussion confirms that the legal effect of a policy amendment depends on the date of import, with the new restriction operating prospectively unless the text provides otherwise. Case-Laws Customs Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353441