https://www.taxtmi.com/caselaws?id=44455 Import licence revalidation could not be claimed under an earlier policy after a change in the import-export regime. The Court reiterated that the Government may revise trade policy according to prevailing exigencies, and that no vested right survives in a prior policy once it has been replaced. It also held that, on the facts, writ interference with the policy decision was not warranted. The request for clarification or modification of the earlier order was therefore properly rejected, and revalidation of the licences under the old policy was refused. en-us Tue, 01 Aug 1995 00:00:00 +0530 Sat, 26 Jun 2010 12:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44455 Import licence revalidation could not be claimed under an earlier policy after a change in the import-export regime. The Court reiterated that the Government may revise trade policy according to prevailing exigencies, and that no vested right survives in a prior policy once it has been replaced. It also held that, on the facts, writ interference with the policy decision was not warranted. The request for clarification or modification of the earlier order was therefore properly rejected, and revalidation of the licences under the old policy was refused. Case-Laws Customs Tue, 01 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44455