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2011 (10) TMI 313 - BOMBAY HIGH COURTBenefit of DEPB Schemes - Intention of government is not to encourage a specific commodity, Director General of Foreign Trade withdraw the benefit accruing under the DEPB scheme on cotton with respect to shipments made on or after 21 April 2010 - Petitioner contended Director General has no power to issue a public notice to retrospectively deprive exporter of a benefit - Such act should have been prospectively, retrospective alteration can be exercised only if it is beneficial and not detrimental to the interest of the exporter - Held That:- Petitioners are entitled to succeed. The recoveries which are sought to be effected from the Petitioner on the basis of the notice in respect of shipments which took place prior to the date of the notice are accordingly quashed and set aside.
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