#Foreign Trade Law

The Bombay High Court held that import date under FTP is shipment date not arrival upholding Ganesh Das Bhojraj principle and that FTP restrictions apply only to goods dispatched after notification benefiting importers whose goods arrived before notice.

Gujarat HC struck down notifications that retroactively stripped exporters of Service Exports from India Scheme benefits, ruling that Section 5 of the Foreign Trade Act cannot be applied retrospectively. The decision safeguards vested export incentives for firms relying on SEIS.