Denial of import duty benefit equivalent to 2% of FOB value of ...
Policy Circular Can't Retroactively Deny 2% Duty Benefit on Exports Under Focus Products Scheme.
November 26, 2015
Case Laws Customs HC
Denial of import duty benefit equivalent to 2% of FOB value of exports - Focus Products Scheme [FPS] - the decision cannot be reversed at a later point of time by change of interpretation of the description of the goods by a policy circular, with retrospective effect. - HC
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