https://www.taxtmi.com/caselaws?id=74337 Refusal to revalidate an import licence for gas cylinders was upheld because the applicant did not demonstrate the firm, irrevocable commitment and actual utilisation required within the licence period. Mere correspondence with a foreign supplier was insufficient, as no clear supply contract or binding commitment was shown, and satisfactory financial arrangements for the import had also not been established when revalidation was sought. The Court further held that it could not substitute its own view for that of the competent licensing authority on the material before it, so no writ interference was warranted. en-us Thu, 12 Jul 1984 00:00:00 +0530 Wed, 25 Jan 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74337 Refusal to revalidate an import licence for gas cylinders was upheld because the applicant did not demonstrate the firm, irrevocable commitment and actual utilisation required within the licence period. Mere correspondence with a foreign supplier was insufficient, as no clear supply contract or binding commitment was shown, and satisfactory financial arrangements for the import had also not been established when revalidation was sought. The Court further held that it could not substitute its own view for that of the competent licensing authority on the material before it, so no writ interference was warranted. Case-Laws Customs Thu, 12 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74337