2001 (2) TMI 165

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..... dated 19-12-2000 revoked the licence and security amount of Rs. 50,000/- has been appropriated. Being aggrieved by this order, the appellant has filed this appeal. 2. The facts of the case in brief are that the appellant is a CHA. He had filed four shipping bills on behalf of M/s. Cinex Overseas, New Delhi under DEPB Scheme in respect of glass beads weighting 6000 kgs. The container containing t .....

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..... e submits that in the instant case a SCN has been issued in the case of seizure of glass beads as also the licence has been revoked. He submits that Inquiry Officer had concluded that "The CHA acted in good faith and has discharged the duties cast upon him under Regulation 14 of the CHA Licensing Regulations, 1984 but at the same time he is warned that he can not misinterpret the statute to his ow .....

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..... ssued to the CHA. We also note that same cause of action of revocation of licence as CHA has arisen. We find that ultimately revocation or otherwise of CHA licence will depend on outcome of this seizure case. Thus, we find the revocation of the licence is premature. Therefore the operation of the impugned order is stayed pending the appeal. Stay petition is disposed of in the above terms. - .....

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