2024 (12) TMI 802 - SCH - Customs

Interpretation of statute (policy circular) - whether the Policy Circular Notice No. 22/2015-20 dated 29.03.2019 issued by the respondent No. 3 is applicable to the EPCG Authorisation issued prior to 5.12.2017 or not? - It was held by High Court that 'The impugned policy circular dated 29.03.2019 is therefore, beyond the jurisdiction of respondent no. 3 as respondents nos.2 and 3 have no power to deny the benefit under the EPCG Scheme under the original FTP 2015-20 in respect of the EPCG Authorisation issued prior to 5.12.2017 and such benefit of availing full value of shipping bill under the EPCG Authorisation issued prior to 5.12.2017 could not have been curtailed by respondent nos.2 and 3 by applying revised HBP 2015-20 either under the FTDR Act or FTP.' HELD THAT - It is not required to interfere in the matter. The Special Leave Petition is hence dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition after hearing arguments from the petitioner's counsel. Delay was condoned and pending applications were disposed of.