Supreme Court · 2006 INSC 593 · Decided 11 September 2006
M/S. Baraka Overseas Traders v. Director General of Foreign Trade and ANR.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 593 · [2006] SUPP. 5 S.C.R. 873
- Case number
- CIVIL APPEAL No. 1426/2001
- Decided
- 11 September 2006
- Bench
- ASHOK BHAN, MARKANDEY KATJU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
B Foreign Trade (Development and Regulation) Act, 1992: Section 5-Exim Policy-Duty exemption Scheme-Advance /icence­ Transferability-Held, the licences are transferable whether issued under the -C 'norms' or ' no norms ' category. Administrative Law: Licence-Rights accrued-New law eriforced in there is an express or implied inconsistent D provision in the new law. Under the 'Duty Exemption Scheme' envisaged in the Exim Policy 1997- 2002, import of certain specified input required for the manufacture and export of the resultant product was allowed with duty exemption benefits. To avail
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