https://www.taxtmi.com/caselaws?id=378359 For foreign trade purposes, the relevant date of import was the date of the bill of lading under Regulation 9.11 of the Foreign Trade Policy, not the date of the bill of entry under the Customs Act. Later import restrictions operated prospectively and could not defeat rights that had crystallised under the earlier regime; as the bills of lading fell within the protected period and the stay of notifications was operative, the detained consignments were ordered released subject to duty payment where leviable and bank guarantee. Demurrage on the detained goods was also required to be waived under the cargo handling regulations. en-us Wed, 03 Apr 2019 00:00:00 +0530 Sat, 13 Apr 2019 06:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378359 For foreign trade purposes, the relevant date of import was the date of the bill of lading under Regulation 9.11 of the Foreign Trade Policy, not the date of the bill of entry under the Customs Act. Later import restrictions operated prospectively and could not defeat rights that had crystallised under the earlier regime; as the bills of lading fell within the protected period and the stay of notifications was operative, the detained consignments were ordered released subject to duty payment where leviable and bank guarantee. Demurrage on the detained goods was also required to be waived under the cargo handling regulations. Case-Laws Customs Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378359