https://www.taxtmi.com/caselaws?id=200203 A public notice issued under Section 3 of the Imports and Exports (Control) Act, 1947 cannot override or amend an existing Open General Licence order made under the same statutory power; the earlier statutory import policy continues to govern and the later notice has no legal effect to restrict covered imports. Where an importer has already altered position by opening an irrevocable letter of credit and entering into firm commitments on the basis of the existing policy, promissory estoppel may operate against the Government and prevent enforcement of the contrary later notice. The impugned show cause notice was therefore treated as lacking jurisdiction on the stated facts. en-us Thu, 03 Aug 1995 00:00:00 +0530 Fri, 23 Mar 2018 14:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200203 A public notice issued under Section 3 of the Imports and Exports (Control) Act, 1947 cannot override or amend an existing Open General Licence order made under the same statutory power; the earlier statutory import policy continues to govern and the later notice has no legal effect to restrict covered imports. Where an importer has already altered position by opening an irrevocable letter of credit and entering into firm commitments on the basis of the existing policy, promissory estoppel may operate against the Government and prevent enforcement of the contrary later notice. The impugned show cause notice was therefore treated as lacking jurisdiction on the stated facts. Case-Laws Customs Thu, 03 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200203