Restriction on export of KN96 masks - RBI prohibited Merchanting ...

India Restricts Export of KN96 Masks and MTT Involving Foreign Currency; Measures Align with Trade Regulations.

October 16, 2020

Case Laws     Customs     HC

Restriction on export of KN96 masks - RBI prohibited Merchanting Trade Transactions (MTT) / Receipt of consideration in foreign currency - the Government of India is the best judge either to ban export of the aforesaid items or to place the aforesaid items under the restricted categories. - The restriction imposed by Government of India and Reserve Bank of India amounts to reasonable restriction and in noway violating the freedom of trade and commerce as pleaded by the petitioner - HC

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