Circular Clarifying Duty Drawback Entitlement Is Retrospective in Nature, Not Prospective: Supreme Court

In a significant ruling concerning customs duty benefits for exporters, the Supreme Court has held that Circular No. 35/2010-Cus dated 17.09.2010, issued by the Central Board of Excise and Customs (CBEC), is retrospective in nature. The Court concluded that the circular merely clarifies existing entitlements and does not confer new rights, thereby entitling merchant exporters

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