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As per case facts, appellants imported steel products, and the government imposed a Minimum Import Price (MIP) via a Notification. Appellants had opened irrevocable Letters of Credit before the Notification
...was officially published in the Gazette, although it was uploaded earlier. The High Court dismissed their challenge, ruling the Notification effective from its upload date. Appellants appealed, arguing the Notification was legally binding only upon Gazette publication, entitling them to transitional protection for prior Letters of Credit. The question arose whether 'date of this Notification' meant the upload date or the Official Gazette publication date. Finally, the Supreme Court held that the Notification acquired force of law only upon its publication in the Official Gazette. The Court clarified that 'date of this Notification' must mean the publication date. Therefore, appellants were entitled to transitional protection for imports covered by Letters of Credit opened before the Official Gazette publication date.
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