Retrospective application of notification issued u/s 5 of FTDR Act, 1992 unjustified

Jindal Exports And Imports Private Limited Vs Director General of Foreign Trade (Delhi High Court) Delhi High Court held that section 5 of the Foreign Trade (Development and Regulation) Act, 1992 empower Government to make amendments with retrospective effect. Facts- The Petitioner is a company engaged in manufacturing and export of gold jewellery, articles, medallions, bars, plates and rods and trading of gold, silver, platinum and palladium. It has been a recognized export house since 2017. The case of the Petitioner is that in terms of Section 5 of the Foreign Trade (Development and Regulat...