DGFT cannot Restriction Advance Authorisation through Public Notice

M. D. Overseas Limited Vs Union of India And Ors. (Delhi High Court) The issue under consideration is whether the Public notice issued by DGFT for restricting the issuance of Advance Authorisation is justified in law? The Petitioner is an incorporated Company engaged in diverse businesses including the manufacture and export of Gold Jewellery and Gold Medallions, for which, the Petitioner regularly imports Gold bars. In the present case, the Petitioner through its application had sought Advance Authorization under the Foreign Trade Policy (FTP) seeking for import of Gold Bars and export of Gol...