https://www.taxtmi.com/caselaws?id=447474 Third-party exports under the EPCG scheme were recognised under the earlier Foreign Trade Policy and procedure, under which the full realised value of the shipping bill counted toward export obligation. A revised procedure from 05.12.2017 required actual realisation through the normal banking channel from the third-party exporter's account to the authorisation holder's account, but that procedural change could not be used to alter the substantive effect of EPCG authorisations already issued under the prior regime. The policy circular and amended handbook were therefore treated as prospective only and could not be applied to pre-existing authorisations, as delegated procedure cannot retrospectively curtail accrued benefits. en-us Thu, 21 Dec 2023 00:00:00 +0530 Wed, 21 Jan 2026 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447474 Third-party exports under the EPCG scheme were recognised under the earlier Foreign Trade Policy and procedure, under which the full realised value of the shipping bill counted toward export obligation. A revised procedure from 05.12.2017 required actual realisation through the normal banking channel from the third-party exporter's account to the authorisation holder's account, but that procedural change could not be used to alter the substantive effect of EPCG authorisations already issued under the prior regime. The policy circular and amended handbook were therefore treated as prospective only and could not be applied to pre-existing authorisations, as delegated procedure cannot retrospectively curtail accrued benefits. Case-Laws Customs Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447474