TATA IRON AND STEEL CO.LTD. vs UNION OF INDIA .

The Supreme Court addressed the interpretation of the International Price Reimbursement Scheme (IPRS) introduced by the Government of India, emphasizing the doctrine of estoppel by conduct. The Court clarified that the reimbursement under the IPRS is contingent upon the domestic price being higher than the international price, as per the provisions outlined in the Government Notification and JPC announcements. The appeal was upheld, affirming the necessity for exporters to register contracts with the EEPC for reimbursement eligibility.