No Open Market Raw Material Purchases Permitted with Duty-Free Import Authorization for Exports: Delhi HC

Rajesh Gupta & Ors. Vs DGFT (Delhi High Court) Introduction: The Delhi High Court recently addressed a complex matter in the case of Rajesh Gupta & Ors. vs DGFT (Directorate General of Foreign Trade). The petitioners sought permission to purchase additional raw material from the open market for the manufacturing and export of copper wire, citing challenges due to the COVID-19 pandemic. The court, in its detailed order, delved into the nuances of duty-free imports, export obligation periods, and the rejection of the request based on the Foreign Trade Policy. Detailed Analysis: The petit...