1987 (8) TMI 91

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....ence under import policy AM 81-82 on May 11, 1981. The C.I.F. value of licence was Rs. 20,310/- and the shipment was to be done within twelve months from the date of issue. The item to be imported was "Zip Fasteners" and as per the list annexed to the licence the Zip Fasteners could be imported for the face value of the licence. The petitioners got the licence transferred in their favour and place....

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....0,000/- in favour of the Collector of Customs, Bombay. 2. Mr. Talyarkhan, appearing for the petitioners, has produced before me a photo copy of the licence as obtained by the petitioners. The licence clearly shows that there was no limit to the import and Zip Fasteners could be imported for the face value of the licence. The list attached contains the necessary information clearly. However, acc....

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....face value of the licence. There is a Letter dated May 25, 1982 addressed to the Assistant Collector of Customs by the Deputy Chief Controller of Imports and Exports, and the said letter has been annexed to the affidavit-in-reply. In my view, this letter is of no consequence. The question is whether the respondents could have refused clearance of the goods imported by the petitioners as per the li....