1992 (12) TMI 115

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..... [Oral Judgment per : Pendse, J.]. -  The respondent No. 1 is a Company and is exporter of stainless steel castings. On March 19, 1984, the respondents were issued two REP licences of the value of Rs. 1,54,400/- and Rs. 1,65,600/-respectively. The licences were valid for a period of 12 months from the date of issue and the policy then prevalent permitted an additional grace period of t....

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....by impugned judgment dated April 10, 1989 held that the claim of the appellants that there is no power to revalidate REP Licences is entirely incorrect. The learned Judge also held that the Clauses in the Hand Book of Import and Export Policy for April 1985 - March 1988 confers wide powers upon the appellants to revalidate the licences. In view of this conclusion, the learned Judge granted the pet....