DGFT doesn’t have power to amend FTP policy

Polyhose India Private Limited Vs Additional Director General of Foreign Trade (Madras High Court) Madras High Court held that DGFT has powers to only clarify the doubts raised as to the interpretation of Policy and doesn’t have powers to amend the FTP policy. Accordingly, 100% EOU eligible for benefits of availing SHIS. Facts- The Petitioner, operates as a 100% EOU), is an exporter of Thermoplastic High Pressure Hoses to various countries and the same is a sector which is eligible for the benefits of availing SHIS. The Petitioner have not availed the benefit of any Export Promotion Capital ...