https://www.taxtmi.com/caselaws?id=378006 DEPB credit rates fixed by public notice under the foreign trade regime operate from the date of notification unless the enabling policy or provision clearly authorises retrospectivity. Paragraph 7.50 of the Handbook was held inapplicable because it addresses exports made in anticipation of a rate where no rate has yet been notified, not cases where notified rates already existed. The later enhancement of the rate to 15% was treated as a policy matter, and no implied power existed to extend it retrospectively. The challenge failed and retrospective DEPB credit at 15% was refused. en-us Thu, 04 Apr 2019 00:00:00 +0530 Tue, 03 Sep 2019 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378006 DEPB credit rates fixed by public notice under the foreign trade regime operate from the date of notification unless the enabling policy or provision clearly authorises retrospectivity. Paragraph 7.50 of the Handbook was held inapplicable because it addresses exports made in anticipation of a rate where no rate has yet been notified, not cases where notified rates already existed. The later enhancement of the rate to 15% was treated as a policy matter, and no implied power existed to extend it retrospectively. The challenge failed and retrospective DEPB credit at 15% was refused. Case-Laws Customs Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378006