https://www.taxtmi.com/caselaws?id=48038 The court allowed the writ petition challenging the prohibition on exporting sugar covered by a Letter of Credit, emphasizing that exports permitted under the Foreign Trade Policy should be allowed even if subjected to subsequent restrictions. The judgment directed authorities to permit the export of sugar covered by the specific Letter of Credit within its validity period. It also allowed for export within an extended period if the foreign buyer extends the Letter of Credit's validity. The court refused a stay on the judgment's operation, instructing compliance based on the signed minutes. en-us Fri, 18 Aug 2006 00:00:00 +0530 Mon, 02 Aug 2010 13:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48038 The court allowed the writ petition challenging the prohibition on exporting sugar covered by a Letter of Credit, emphasizing that exports permitted under the Foreign Trade Policy should be allowed even if subjected to subsequent restrictions. The judgment directed authorities to permit the export of sugar covered by the specific Letter of Credit within its validity period. It also allowed for export within an extended period if the foreign buyer extends the Letter of Credit's validity. The court refused a stay on the judgment's operation, instructing compliance based on the signed minutes. Case-Laws Customs Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48038