https://www.taxtmi.com/caselaws?id=46541 A later import-export policy with a transitional clause did not extinguish accrued entitlement to additional licences for exports made under the earlier policy; pending applications had to be processed under the policy applicable to the period of export, while the goods importable against the licence were governed by the policy in force at the time of actual import. REP Circular No. 11/93 also applied to pending Exim Scrips and REP licence applications where eligibility had been established, directing payment of a 20% premium instead of issue of licences. On that basis, the refusal to grant additional licences was unsustainable and the premium in lieu of licences was payable. en-us Fri, 24 Jan 2003 00:00:00 +0530 Mon, 23 Jun 2014 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46541 A later import-export policy with a transitional clause did not extinguish accrued entitlement to additional licences for exports made under the earlier policy; pending applications had to be processed under the policy applicable to the period of export, while the goods importable against the licence were governed by the policy in force at the time of actual import. REP Circular No. 11/93 also applied to pending Exim Scrips and REP licence applications where eligibility had been established, directing payment of a 20% premium instead of issue of licences. On that basis, the refusal to grant additional licences was unsustainable and the premium in lieu of licences was payable. Case-Laws Customs Fri, 24 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46541