Promissory Estoppel not applicable to a policy decision with respect to additional license which is an incentive: SC

Chowgule & Company Limited Vs Assistant Director General of Foreign Trade (Supreme Court of India) Conclusion: Hon’ble Supreme Court held that the doctrine of promissory estoppel shall not be applicable to a policy decision with respect to incentive, when it is well within the right of DGFT/appropriate authority/Union to come out with a new Exim Policy. Facts: In present facts of the case, the appellant feeling aggrieved and dissatisfied with the impugned judgment and order dated 26.06.2008 passed by the High Court of Judicature of Bombay at Goa in Writ Petition No. 286/1996, by which th...