https://www.taxtmi.com/caselaws?id=305313 The power to fix a trade rate or value under the Foreign Trade (Development and Regulation) Act, 1992 includes the implied power to revise it, so the Central Government's notification was not invalid on that ground. Restrictions placed on DGFT as an implementing authority under the Foreign Trade Policy did not limit the Government's own statutory power, and reliance on the Customs Act definition of prohibited goods was misplaced. The writ was also remanded because substantive grounds on reasonableness and scope of the policy had not been adjudicated and required fresh consideration on merits. en-us Wed, 17 Feb 2016 00:00:00 +0530 Tue, 29 Nov 2022 09:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305313 The power to fix a trade rate or value under the Foreign Trade (Development and Regulation) Act, 1992 includes the implied power to revise it, so the Central Government's notification was not invalid on that ground. Restrictions placed on DGFT as an implementing authority under the Foreign Trade Policy did not limit the Government's own statutory power, and reliance on the Customs Act definition of prohibited goods was misplaced. The writ was also remanded because substantive grounds on reasonableness and scope of the policy had not been adjudicated and required fresh consideration on merits. Case-Laws Customs Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305313