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Customs - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

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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