https://www.taxtmi.com/caselaws?id=291304 A subsequent amendment to the Foreign Trade Policy could not retrospectively defeat an accrued DFIA entitlement based on exports completed before the amendment came into force. The claimed right to duty-free import of Natural Rubber arose from export performance undertaken under the earlier policy regime, and the relevant Standard Input and Output Norms supported that entitlement. Because the later restriction was introduced only after the exports and after issuance of the licence, it could not be used to deny the benefit already earned. The writ petition was allowed, the refusal to permit duty-free import was quashed, and the DFIA licence was held to continue to operate for the stated period. en-us Wed, 13 Nov 2019 00:00:00 +0530 Thu, 05 Nov 2020 12:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291304 A subsequent amendment to the Foreign Trade Policy could not retrospectively defeat an accrued DFIA entitlement based on exports completed before the amendment came into force. The claimed right to duty-free import of Natural Rubber arose from export performance undertaken under the earlier policy regime, and the relevant Standard Input and Output Norms supported that entitlement. Because the later restriction was introduced only after the exports and after issuance of the licence, it could not be used to deny the benefit already earned. The writ petition was allowed, the refusal to permit duty-free import was quashed, and the DFIA licence was held to continue to operate for the stated period. Case-Laws Customs Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291304