https://www.taxtmi.com/caselaws?id=396125 The court held that the company was not entitled to zero customs duty under the amended Export and Import (EXIM) Policy due to the lack of retrospective effect in the customs notification. The court emphasized that the date of filing the bill of entry did not entitle the company to the benefit of zero customs duty, as the goods arrived before the effective date of the amended policy. Additionally, the court clarified that the delay in issuing the customs notification did not affect the relevant import and found that applying the notification retrospectively would lead to unintended consequences. The court dismissed the writ petition and allowed the appeals filed by the Director General of Foreign Trade and customs authorities. en-us Fri, 19 Jun 2020 00:00:00 +0530 Sat, 21 Nov 2020 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396125 The court held that the company was not entitled to zero customs duty under the amended Export and Import (EXIM) Policy due to the lack of retrospective effect in the customs notification. The court emphasized that the date of filing the bill of entry did not entitle the company to the benefit of zero customs duty, as the goods arrived before the effective date of the amended policy. Additionally, the court clarified that the delay in issuing the customs notification did not affect the relevant import and found that applying the notification retrospectively would lead to unintended consequences. The court dismissed the writ petition and allowed the appeals filed by the Director General of Foreign Trade and customs authorities. Case-Laws Customs Fri, 19 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396125