2000 (4) TMI 206

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....grain oriented electrical steel sheets in terms of an import licence which was granted to them. The REP licenses which were issued were of two types. One of them permitted "items permissible in column 4 against product code no. 61-0010-00-010 appendix 17 of the import export policy 88-90/Vol.I/as amended subject to the conditions and restrictions laid down therein read with paragraph 204.1 of the import export policy 1990-93/volume 1. The second permitted "items allowed for import items allowed as per column 4 of appendix 17 against product code 610010-09 of import and export policy Vol. 1 of AM 88-91 amended upto date with face value restrictions and conditions stipulated therein." 2. The importations were made during the validity of....

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....of the provisions of paragraph 196 of the 1990-1993 policy. The fact that 1990-1993 policy was not made applicable, or applicable only to the limited extent referred to above, leads to the conclusion that the licensing authority chose not to apply the provision of 196 of this policy to this licence. 4. These licences contained a condition on the reverse that they are is subject to the import policy in force relating to the goods as described in the policy, or any amendment made, up to the date of issue of licence unless otherwise specified. In the absence of any such specification, it is the policy in force of 1990-93 amended up to the date of issue of licence that would apply. The specific provision in the licence making applicable i....