https://www.taxtmi.com/caselaws?id=42879 The court ruled in favor of the petitioners, importers holding imprest licences, in a case challenging obstruction to their import of aluminum alloy-coated steel sheets. The court held that imports under imprest licences should be governed by the policy prevailing at the time of licence issuance, not the import date. It clarified that the Import Policy 1983-84's restrictive provisions did not apply to imprest licences, distinguishing them from replenishment licences. The court also found that the Supreme Court's decision in a previous case regarding import policies was not applicable to imprest licences. The court allowed the imports and discharged bank guarantees/bonds, with each party bearing their own costs. en-us Thu, 20 Sep 1990 00:00:00 +0530 Mon, 14 Jun 2010 17:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42879 The court ruled in favor of the petitioners, importers holding imprest licences, in a case challenging obstruction to their import of aluminum alloy-coated steel sheets. The court held that imports under imprest licences should be governed by the policy prevailing at the time of licence issuance, not the import date. It clarified that the Import Policy 1983-84's restrictive provisions did not apply to imprest licences, distinguishing them from replenishment licences. The court also found that the Supreme Court's decision in a previous case regarding import policies was not applicable to imprest licences. The court allowed the imports and discharged bank guarantees/bonds, with each party bearing their own costs. Case-Laws Customs Thu, 20 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42879