https://www.taxtmi.com/caselaws?id=199888 Promissory estoppel was held capable of operating against a revised export policy made under statutory power, including subordinate or delegated legislation, where exporters had altered their position on the faith of the earlier policy by contracting, obtaining letters of credit, manufacturing goods, and incurring liability. The Court also held that a prohibition extending to finished red sanders wood products already prepared for export was unreasonable and arbitrary because it lacked a rational nexus with the stated ecological objective, especially where there was no material showing that tree cutting itself had been banned. The writ appeal failed and the export relief was sustained. en-us Thu, 04 Mar 1993 00:00:00 +0530 Wed, 14 Mar 2018 16:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199888 Promissory estoppel was held capable of operating against a revised export policy made under statutory power, including subordinate or delegated legislation, where exporters had altered their position on the faith of the earlier policy by contracting, obtaining letters of credit, manufacturing goods, and incurring liability. The Court also held that a prohibition extending to finished red sanders wood products already prepared for export was unreasonable and arbitrary because it lacked a rational nexus with the stated ecological objective, especially where there was no material showing that tree cutting itself had been banned. The writ appeal failed and the export relief was sustained. Case-Laws Indian Laws Thu, 04 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199888