https://www.taxtmi.com/caselaws?id=370429 A statutory import restriction on peas was sustained as a lawful regulatory measure issued in public interest under the foreign trade framework. The Court held that the measure was traceable to the Central Government's power under the Foreign Trade (Development and Regulation) Act, 1992, read with the Foreign Trade Policy and the relevant import policy, and that the trade notices were merely clarificatory implementation measures for goods already imported or backed by banking-channel payment before the cut-off date. It further held that the restriction was reasonable and proportionate, did not amount to an unconstitutional retrospective amendment, and did not fail merely because the DGFT issued the notices in implementation of the policy. en-us Thu, 25 Oct 2018 00:00:00 +0530 Fri, 14 Feb 2020 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370429 A statutory import restriction on peas was sustained as a lawful regulatory measure issued in public interest under the foreign trade framework. The Court held that the measure was traceable to the Central Government's power under the Foreign Trade (Development and Regulation) Act, 1992, read with the Foreign Trade Policy and the relevant import policy, and that the trade notices were merely clarificatory implementation measures for goods already imported or backed by banking-channel payment before the cut-off date. It further held that the restriction was reasonable and proportionate, did not amount to an unconstitutional retrospective amendment, and did not fail merely because the DGFT issued the notices in implementation of the policy. Case-Laws Customs Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370429