https://www.taxtmi.com/caselaws?id=169289 The Court held that the licensing authority is entitled to consider the prevailing conditions at the time of issuing an import license, rather than when the application is made. It was emphasized that the authority has discretion to refuse a license if it is prejudicial to the State's interest or if imports are to be channeled through specific agencies. The Court found the delay in considering the respondent's application justified and ruled that there is no absolute right to a license solely based on a sponsoring authority's recommendation. The appeal was allowed, directing consideration of the application in line with the 1970-71 import policy without undue delay. en-us Wed, 05 Jan 1972 00:00:00 +0530 Tue, 12 May 2020 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169289 The Court held that the licensing authority is entitled to consider the prevailing conditions at the time of issuing an import license, rather than when the application is made. It was emphasized that the authority has discretion to refuse a license if it is prejudicial to the State's interest or if imports are to be channeled through specific agencies. The Court found the delay in considering the respondent's application justified and ruled that there is no absolute right to a license solely based on a sponsoring authority's recommendation. The appeal was allowed, directing consideration of the application in line with the 1970-71 import policy without undue delay. Case-Laws Indian Laws Wed, 05 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169289