https://www.taxtmi.com/caselaws?id=110479 The court quashed the denial decision of transferring an importer/exporter code due to a director's association with a company under investigation. Emphasizing the need for controlling interest along with directorship for refusal under Rule 7(1)(f) of the Foreign Trade (Regulation) Rules, the court criticized the lack of communication and original records. The judgment allowed a two-month inquiry period into the director's controlling interest in the other company, failing which the code transfer should proceed. The writ petition was allowed, with parties bearing their own costs, and related applications were disposed of accordingly. en-us Tue, 27 Jul 2004 00:00:00 +0530 Tue, 17 Apr 2012 10:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110479 The court quashed the denial decision of transferring an importer/exporter code due to a director's association with a company under investigation. Emphasizing the need for controlling interest along with directorship for refusal under Rule 7(1)(f) of the Foreign Trade (Regulation) Rules, the court criticized the lack of communication and original records. The judgment allowed a two-month inquiry period into the director's controlling interest in the other company, failing which the code transfer should proceed. The writ petition was allowed, with parties bearing their own costs, and related applications were disposed of accordingly. Case-Laws Companies Law Tue, 27 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110479