2001 (2) TMI 244

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..... epartment took objection to the import on two grounds - that the value of these goods was under-declared, and that the import was unauthorised. Out of ten import licences produced for clearance, eight were in the name of persons on whose behalf Kumar Co. made the import in its capacity as letter of authority holder. The goods were shipped in May 1994. By amendment made to the import policy effec .....

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..... s appeal. 3. The appeal relies on condition 8 of each of the licences. This provides that the licence is subject to the application of any other prohibition or regulation affecting the importation of the goods which may be in force on the date of importation. The scope of this condition was examined by the Bombay High Court. In its judgement in Jayant Vegoil and Chemicals P. Ltd. v. UOI - 1987 ( .....

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