1983 (9) TMI 186

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....er dated March 30, 1979. 2.  The petitioner is carrying on business in the firm name and style of M/s. Hassanand Hemandas & Co., and the firm is an 'established importer' and carries on business as wholesalers and retailers in arms and ammunition. The Import Trade Control Policy for the period April 1977 to March 1978 was announced by the Union of India and it provides for policy for, 'established importers'. The detailed import policy for established importers is given in Section IV of the Import Trade Control Policy Rules. It inter alia provides that the quota licence is given to an established importer as a percentage of the value of his past imports, as appearing in the quota certificate in accordance with the import policy in for....

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....orts in the AM-79 Policy Book and reliance was placed on para 199 of Policy Book of AM-79. The revisional authority has confirmed the order by giving an additional reason that arms and ammunition is canalised through S.T.C. vide S. No. 42 of Appendix 8 to the April/March 1979 Import Policy Book. 4.  Shri Mehta, learned Counsel, appearing in support of the petition submitted that the decision of the Appellate Authority and the revisional authority is entirely erroneous and the reliance upon paragraph 199 of Policy Book AM-79 which reads as under, was entirely erroneous. "There is no provision in the new policy for established importers. Hence, such application for erstwhile quota licences, lying undisposed as on 1st April 1978 will st....