https://www.taxtmi.com/caselaws?id=429334 Advance authorisations under the Foreign Trade Policy carry fixed validity, and revalidation or enhancement of value and quantity is available only within the permitted extension period and the life of the authorisation. Applications filed long after expiry were therefore not maintainable, and different remedies could not be combined to obtain time-barred benefits. Policy relaxation is discretionary and requires a legally sufficient showing of genuine hardship; alleged operational difficulties and market slowdown were found inadequate. The late-cut mechanism also could not revive a stale request filed beyond the prescribed limits. The rejection of the request was sustained, with only limited consequential directions. en-us Mon, 19 Sep 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:04:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429334 Advance authorisations under the Foreign Trade Policy carry fixed validity, and revalidation or enhancement of value and quantity is available only within the permitted extension period and the life of the authorisation. Applications filed long after expiry were therefore not maintainable, and different remedies could not be combined to obtain time-barred benefits. Policy relaxation is discretionary and requires a legally sufficient showing of genuine hardship; alleged operational difficulties and market slowdown were found inadequate. The late-cut mechanism also could not revive a stale request filed beyond the prescribed limits. The rejection of the request was sustained, with only limited consequential directions. Case-Laws Customs Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429334