https://www.taxtmi.com/caselaws?id=46246 Clause 66 of the Export-Import Policy 1992-97 saved the input/output and value addition norms in force on the date an advance licence application was received, so a later policy change could not govern a pending application once approval was obtained. The Delhi HC noted that the pleadings and counter-affidavit did not displace the assertion that the application had been approved, and the respondents could not rely on the post-1 April 1997 regime to override the express saving language. The application was therefore to be processed under the norms prevailing on 18 March 1997. en-us Tue, 04 Dec 2001 00:00:00 +0530 Fri, 16 Jul 2010 16:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46246 Clause 66 of the Export-Import Policy 1992-97 saved the input/output and value addition norms in force on the date an advance licence application was received, so a later policy change could not govern a pending application once approval was obtained. The Delhi HC noted that the pleadings and counter-affidavit did not displace the assertion that the application had been approved, and the respondents could not rely on the post-1 April 1997 regime to override the express saving language. The application was therefore to be processed under the norms prevailing on 18 March 1997. Case-Laws Customs Tue, 04 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46246