VIRAJ IMPEX PVT. LTD. versus UNION OF INDIA & ANR.

Case summary from SCR

Issue for Consideration Issue arose whether the expression ‘date of Notification’ mentioned in para 2 of the Notification No.38/2015-2020, issued under the Foreign Trade (Development and Regulation) Act, 1992 can be interpreted to mean any date, other than the date of its publication and Regulation) Act, 1992 – Notification No.38/2015-2020, para 2 – Interpretation of the expression ‘date of this Notification’ – Appellants entered into sale contracts with exporters from China and South Korea, and on 05.02.2016 opened irrevocable letters