https://www.taxtmi.com/caselaws?id=796380 A public-interest prohibition on sugar exports under the Foreign Trade (Development and Regulation) Act, 1992 was described as a prospective and reasonable measure responding to domestic production, stock, availability and price-stability concerns. The notes state that quota allocations under the Essential Commodities Act, 1955 operate separately and do not displace export-policy restrictions. Private export contracts, advance remittances and quotas do not create an enforceable right to export after prohibition. Transitional relief under the Foreign Trade Policy, 2023 requires a pre-existing registered Irrevocable Commercial Letter of Credit and prescribed export-pipeline or clearance conditions. Promissory estoppel and legitimate expectation cannot prevent a subsequent public-interest policy change without supporting basis and compliance with those conditions. en-us Mon, 03 Aug 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796380 A public-interest prohibition on sugar exports under the Foreign Trade (Development and Regulation) Act, 1992 was described as a prospective and reasonable measure responding to domestic production, stock, availability and price-stability concerns. The notes state that quota allocations under the Essential Commodities Act, 1955 operate separately and do not displace export-policy restrictions. Private export contracts, advance remittances and quotas do not create an enforceable right to export after prohibition. Transitional relief under the Foreign Trade Policy, 2023 requires a pre-existing registered Irrevocable Commercial Letter of Credit and prescribed export-pipeline or clearance conditions. Promissory estoppel and legitimate expectation cannot prevent a subsequent public-interest policy change without supporting basis and compliance with those conditions. Case-Laws Customs Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796380