2016 (5) TMI 124 - SCH - Customs

Suspension of import / advance license - import of bearings - fraud - High Court held that when the bills of entry was filed there was no valid licence in the names of importer also there was no application for transferability made on 19th August 1999 nor the licence was made transferable reported in 2014 (9) TMI 289 - Bombay High Court - Hon ble Supreme Court on the regard being made on the submission of petitioner that the Tribunal as well as the High Court has failed to appreciate the controversy in proper perspective for though the licence is subsequent but the goods had already been imported and therefore the petitioner is entitled to benefit of clause 7.17 of the Policy had ordered to issue notice.

Summary

The Supreme Court in 2016 (5) TMI 124 - SC Order, with judges Dipak Misra and Prafulla C. Pant, condoned the delay in the case. The petitioner argued that they should benefit from clause 7.17 of the Policy as goods were already imported before the license was issued. The Court issued notice considering this submission.