https://www.taxtmi.com/caselaws?id=34479 Economic policy on export canalisation was applied to chrome concentrate/chrome ore, with the Court noting that the petitioner's contracts were entered into after the canalisation notification had taken effect. The Court stated that executive authorities have wide latitude in economic policy matters and that no vested right exists to export a commodity contrary to the policy then in force. The challenge based on ultra vires, promissory estoppel and legitimate expectation was left for final hearing and did not justify interim interference, particularly given the scarcity of the resource and the impact on export policy. Interim relief was therefore declined. en-us Thu, 16 Apr 2009 00:00:00 +0530 Thu, 03 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34479 Economic policy on export canalisation was applied to chrome concentrate/chrome ore, with the Court noting that the petitioner's contracts were entered into after the canalisation notification had taken effect. The Court stated that executive authorities have wide latitude in economic policy matters and that no vested right exists to export a commodity contrary to the policy then in force. The challenge based on ultra vires, promissory estoppel and legitimate expectation was left for final hearing and did not justify interim interference, particularly given the scarcity of the resource and the impact on export policy. Interim relief was therefore declined. Case-Laws Customs Thu, 16 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34479