https://www.taxtmi.com/caselaws?id=43839 The Madras HC held that promissory estoppel may operate against subordinate or delegated legislation and against governmental notifications issued under statutory power, where a party has altered its position on the faith of an earlier export policy. Applying that principle, the Court found the new restriction on export of red-sanders wood products, as applied to goods already manufactured and export-ready, lacked a real nexus with the stated ecological object and was arbitrary in the facts. The petitioner had acted on the earlier policy, entered contracts, arranged finance, and processed the goods for export, so the impugned communication could not be sustained. Relief was granted by directing issuance of the export licence against the letter of credit. en-us Fri, 13 Nov 1992 00:00:00 +0530 Mon, 21 Jun 2010 13:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43839 The Madras HC held that promissory estoppel may operate against subordinate or delegated legislation and against governmental notifications issued under statutory power, where a party has altered its position on the faith of an earlier export policy. Applying that principle, the Court found the new restriction on export of red-sanders wood products, as applied to goods already manufactured and export-ready, lacked a real nexus with the stated ecological object and was arbitrary in the facts. The petitioner had acted on the earlier policy, entered contracts, arranged finance, and processed the goods for export, so the impugned communication could not be sustained. Relief was granted by directing issuance of the export licence against the letter of credit. Case-Laws Customs Fri, 13 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43839