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2011 (7) TMI 985 - HC - CustomsCurtailing benefits and privileges conferred under the Foreign Trade Policy - Circular M.F. (D.R.) No. 58/2004-Cus., dated 21-10-2004 - star export house - The exporters, who are status holders, have been issued with show cause notices, by the various officers, under the Customs Act, 1962, forcing them to furnish bank guarantees for the entire duty to be paid by them. Such notices are being issued arbitrarily, jeopardising the operation of the exporters, contrary to the benefits conferred under the Foreign Trade Policy. - held that:- Even though the petitioner had been enjoying certain privileges, as a status holder, as per the notification issued under the Foreign Trade Policy, such privileges had been granted subject to certain conditions prescribed in the Hand Book of Procedures. Further, it has been contended on behalf of the second and the third respondents that the petitioner had committed certain irregularities by misdeclaration and suppression of facts, while claiming additional duty exemption in the clearance of imported goods, under the Duty Free Import Authorization (DFIA) Scheme. - As the writ petition is devoid of merits, it is liable to be dismissed. Hence, it is dismissed.
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