Gold Imports from Korea on Sept 2017 Deemed Valid; Restrictions Imposed by DGFT in Dec 2019.

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Full Text of the Document

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....Import of Gold from Korea - Valid import or not - it is evident that on the date when the gold granules were imported i.e., on 21.09.2017, there was no restriction on its import and the restriction was imposed subsequently on 18.12.2019 by the DGFT by way of Notification. Thus, when gold medallions and gold granules were imported, they were freely importable and the same was brought under the restricted category subsequently. - Decided against revenue - HC....