DGFT Can Change Exim Policy ; Exporters Cannot Claim Incentive As A Matter Of Right : Supreme Court

The Supreme Court observed that Director General of Foreign Trade is free to change the Export Import Policy and consider from time to time on which items there shall be an incentive.Under the Indian Foreign Trade Policy 1988-1991, there was a provision of 'additional licence' and a trading house would be eligible to 'additional licence' on the basis of the admissible exports in. The Supreme Court observed that Director General of Foreign Trade is free to change the Export Import Policy and consider from time to time on which items there shall be an incentive. Under the circumstances, the doctrine of promissory estoppel shall not be applicable to such a policy decision with respect to incentive, more particularly when it is well within the right of DGFT/appropriate authority/Union to come out with a new Exim Policy. Case details Chowgule & Company Limited vs Assistant Director General of Foreign Trade | 2022 LiveLaw 919 | CA 8225 OF 2009 | 4 November 2022 | Justices MR Shah and Krishna Murari Headnotes Exim Policy - The DGFT/Union is free to change the Exim Policy and consider from time to time on which items there shall be an incentive and on which items there shall not be any incentive.