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    <title>2003 (9) TMI 680 - BOMBAY HIGH COURT</title>
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    <description>Import of raw materials, components, consumable stores and packaging materials under a transferred import licence could not be treated as illegal where the imports were made while the then-prevailing interpretation of paragraph 30(1) of the Import Trade Control Policy (Vol. II) governed the field. The HC noted reservations about the correctness of the earlier interpretation but held that, because that interpretation was operative when the goods were imported, the refusal to clear the goods was unlawful and relief followed.</description>
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      <description>Import of raw materials, components, consumable stores and packaging materials under a transferred import licence could not be treated as illegal where the imports were made while the then-prevailing interpretation of paragraph 30(1) of the Import Trade Control Policy (Vol. II) governed the field. The HC noted reservations about the correctness of the earlier interpretation but held that, because that interpretation was operative when the goods were imported, the refusal to clear the goods was unlawful and relief followed.</description>
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