Supreme Court · 1996 INSC 128 · Decided 24 January 1996
S.B. International LTD. ETC. v. ASSTT. Director General of F.T. and ORS. ETC.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 128 · [1996] 1 S.C.R. 910
- Case number
- CIVIL APPEAL No. 2379/1996
- Decided
- 24 January 1996
- Bench
- B.P. JEEVAN REDDY, B.N. KIRPAL (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Export and Import (Control) Act, 1947 S. 3-Export and Import Policy (1-4-1992 and 31.3.1997}-Duty Ex- C emption Scheme-Exporters permitted import of Duty free raw material etc. for purpose of export production subject to value based advance licences or quantity based advance licences--Company norms enhanced w.ef 25.9.1992-­ Company claiming advance licences in accordance with norms as in force prior to 25.9.1992---Held, mere making of an application for advance licence D ·does not create any right in applicant since he has no pre-existing right to such licence-No vested
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