1993 (7) TMI 90 - HC - Customs

Summary

The High Court of Bombay ruled in favor of the petitioners who held an import license revalidated for the policy period April 1983 to March 1984. Customs Authorities queried the import but took no further action. The court admitted the petition, allowing the consignment to be cleared with a bank guarantee. The court held that the petitioners were entitled to relief without expressing an opinion on the merits. The rule was made absolute, discharging the bank guarantee and bond with no costs awarded.