Supreme Court Clarifies Retrospective Applicability of Duty Drawback Circular: Justice Satish Chandra Sharma Holds Circular No. 35/2010-Cus. as Clarificatory, Not Prospective

The Supreme Court held that Circular No. 35/2010-Cus. is clarificatory, applying retrospectively to Goods and Services Tax Appeals Tribunal orders, and not merely prospectively, thereby validating earlier drawback claims.