https://www.taxtmi.com/caselaws?id=380908 Relaxation of the export obligation period under the Foreign Trade Policy is discretionary and may be granted only on a demonstrated case of genuine hardship causing adverse trade impact. The applicable export obligation period for the goods was twelve months under the Handbook of Procedures, and the petitioner failed to show compelling hardship justifying a much longer extension. Normal commercial difficulties were held insufficient to amount to genuine hardship, and the refusal to grant further relaxation was neither perverse nor arbitrary. The challenge therefore failed and the refusal of extension was upheld. en-us Thu, 23 May 2019 00:00:00 +0530 Wed, 13 Nov 2019 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380908 Relaxation of the export obligation period under the Foreign Trade Policy is discretionary and may be granted only on a demonstrated case of genuine hardship causing adverse trade impact. The applicable export obligation period for the goods was twelve months under the Handbook of Procedures, and the petitioner failed to show compelling hardship justifying a much longer extension. Normal commercial difficulties were held insufficient to amount to genuine hardship, and the refusal to grant further relaxation was neither perverse nor arbitrary. The challenge therefore failed and the refusal of extension was upheld. Case-Laws Customs Thu, 23 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380908