1993 (6) TMI 81

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....81 for import of diamonds unset and uncut and which was endorsed for import of OGL items under Para 185 of the Import Policy 1982-83 subject to the conditions laid down. The import of beef tallow was canalised with effect from June 5, 1981 and from that date onward, beef tallow could not be imported against the licence secured by the petitioners. 2. The petitioners booked an order for importati....

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....t gave an option to redeem the goods on payment of fine of Rs. 13,00,000/-. The order of the Collector is under challenge. 3. Shri Paranjape, learned counsel appearing on behalf of the petitioners, submitted that in view of the endorsement made on the licence providing that the licence will be valid for import of OGL items under Para 185 of Import Policy 1982-83, the order of the Collector is n....