https://www.taxtmi.com/caselaws?id=421380 The court allowed the writ application, declaring the circular dated 4th January 2019 ultra vires Para 5.01(g) of the Foreign Trade Policy and the Electricity Act. The retrospective application of the circular was deemed arbitrary and in violation of constitutional rights. Respondents were directed to return the bank guarantees furnished by the writ applicants. en-us Wed, 16 Mar 2022 00:00:00 +0530 Wed, 12 Oct 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421380 The court allowed the writ application, declaring the circular dated 4th January 2019 ultra vires Para 5.01(g) of the Foreign Trade Policy and the Electricity Act. The retrospective application of the circular was deemed arbitrary and in violation of constitutional rights. Respondents were directed to return the bank guarantees furnished by the writ applicants. Case-Laws Customs Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421380