https://www.taxtmi.com/caselaws?id=363405 The court held that the petitioner was entitled to a Terminal Excise Duty (TED) refund under the Foreign Trade Policy (FTP) 2009-2014 as the supplies were not "ab initio" exempt from excise duty. The court quashed the orders denying the refund and directed the respondents to process and release the refund within eight weeks. It was clarified that the provisions of the FTP 2015-2020 could not be retroactively applied to supplies made before its enactment, emphasizing the strict interpretation of TED exemption conditions based on specific notifications governing excise and customs duties. en-us Mon, 09 Jul 2018 00:00:00 +0530 Thu, 21 Feb 2019 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363405 The court held that the petitioner was entitled to a Terminal Excise Duty (TED) refund under the Foreign Trade Policy (FTP) 2009-2014 as the supplies were not "ab initio" exempt from excise duty. The court quashed the orders denying the refund and directed the respondents to process and release the refund within eight weeks. It was clarified that the provisions of the FTP 2015-2020 could not be retroactively applied to supplies made before its enactment, emphasizing the strict interpretation of TED exemption conditions based on specific notifications governing excise and customs duties. Case-Laws Customs Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363405