P.T.R. EXPORTS vs U O I

The Supreme Court upheld the Madras High Court's decision rejecting the petitioners' challenge to the new export policy under the Foreign Trade Development Regulations Act, 1992. The Court found that the change in policy, which eliminated Manufacturer Export Entitlement (MEE) and Non-quota Exporters Entitlement (NQE) in favor of a Past Performance Entitlement (PPE) and First Come, First Serve (FCFS) system, was justified as it aligned with international commitments under the GATT. The Court ruled that the government was not estopped from changing the policy despite the petitioners' claims of legitimate expectation, emphasizing the need for competitiveness in the export market.