https://www.taxtmi.com/caselaws?id=74791 The Court ruled in favor of the Petitioners, holding that their entitlement to split the Replenishment Licence under the old Import Policy of 1985-88 was valid despite the application being submitted after the new Policy of 1988-91 came into effect. The Court emphasized that the Petitioners' right to the licence, earned under the old Policy, could not be nullified by subsequent Policy changes. The Court directed the Respondents to split up the licence as per the Petitioners' request under the old Policy and revalidate the split-up licences for a year, mandating compliance within six weeks. en-us Fri, 21 Apr 1989 00:00:00 +0530 Sat, 11 Jun 2011 10:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74791 The Court ruled in favor of the Petitioners, holding that their entitlement to split the Replenishment Licence under the old Import Policy of 1985-88 was valid despite the application being submitted after the new Policy of 1988-91 came into effect. The Court emphasized that the Petitioners' right to the licence, earned under the old Policy, could not be nullified by subsequent Policy changes. The Court directed the Respondents to split up the licence as per the Petitioners' request under the old Policy and revalidate the split-up licences for a year, mandating compliance within six weeks. Case-Laws Customs Fri, 21 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74791