https://www.taxtmi.com/caselaws?id=42644 A validly issued imprest import licence, once acted upon by fulfilling the prescribed export obligation and obtaining a redemption certificate, cannot be denied revalidation and endorsement merely because the import and export policy changed later. The later policy did not show any clear prohibition against revalidation, and the accrued benefit under the original licence remained protected. An objection based on paragraph 185(7) of the 1982-83 policy was not entertained in appeal because it had not been raised before the trial court. The challenge to the grant of relief therefore failed. en-us Tue, 19 Mar 1985 00:00:00 +0530 Sat, 12 Jun 2010 13:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42644 A validly issued imprest import licence, once acted upon by fulfilling the prescribed export obligation and obtaining a redemption certificate, cannot be denied revalidation and endorsement merely because the import and export policy changed later. The later policy did not show any clear prohibition against revalidation, and the accrued benefit under the original licence remained protected. An objection based on paragraph 185(7) of the 1982-83 policy was not entertained in appeal because it had not been raised before the trial court. The challenge to the grant of relief therefore failed. Case-Laws Customs Tue, 19 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42644