Gold Importers to File Review Against DGFT TRQ Allocation: Delhi HC

Manjally Jewellers Vs Director General of Foreign Trade & Ors. (Delhi High Court) Review application was to be filed for reduced bullion TRQ Allocation as no opportunity of hearing was provided to Gold Importers Conclusion: The gold importers were required to file review application against the DGFT’s order reducing the rate of Bullion Tariff Rate Quota (TRQ) allocation as no opportunity of hearing was provided to assessee and secondly since criteria for revising the TRQ allocation were never communicated to assessee, they had no basis to anticipate that their imports were required to be...