https://www.taxtmi.com/caselaws?id=762964 Mid-year revision of tariff rate quota allocations for gold bullion under the India-UAE CEPA was criticised because the review standard had not been clearly communicated, the affected parties were not heard, and the re-assessment was made before licence expiry. The Court noted that the earlier allocation minutes did not set out the criteria for reduction or re-allocation, and that the public notice relied on concerned a different year and only one utilisation bracket, so it did not provide a clear basis for the FY 2024-25 exercise. The DGFT was directed to reconsider the objections afresh, while the existing allocations were maintained until that exercise was completed. en-us Thu, 05 Dec 2024 00:00:00 +0530 Mon, 09 Jun 2025 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762964 Mid-year revision of tariff rate quota allocations for gold bullion under the India-UAE CEPA was criticised because the review standard had not been clearly communicated, the affected parties were not heard, and the re-assessment was made before licence expiry. The Court noted that the earlier allocation minutes did not set out the criteria for reduction or re-allocation, and that the public notice relied on concerned a different year and only one utilisation bracket, so it did not provide a clear basis for the FY 2024-25 exercise. The DGFT was directed to reconsider the objections afresh, while the existing allocations were maintained until that exercise was completed. Case-Laws Customs Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762964