Retrospective amendment of policy cannot take away vested rights of exporters

Torrent Power Ltd Vs Union of India (Gujarat High Court) “Transmission” and “distribution” being separately understood in the trade concerning electricity and they having been separately defined and dealt with under the Electricity Act, the impugned circular “clarifying” that transmission and distribution are one and the same cannot be held as valid and legal. Transmission and distribution are separate activities. If the Respondents chose to include even “distribution” in the list of prohibited activities for the purpose of EPCG scheme they could have always done so prospective...