General Instruments Company v. Union of India (UOI) and Ors.
Court :
Supreme court
Brief :
Procedural lapse — Forfeiture of Special Imprest Licence (SIL) — Exemption — Appellant applied to the Joint Chief Controller of Imports & Exports for issuance of an import licence with duty exemption entitlement certificate to avail of Customs Duty exemption on the import of certain raw materials required in the manufacture of capital goods for a project, fully financed by the Government of India — The Controller of Imports & Exports instead of project import license issued a SIL to the Appellant under AM 84 policy, permitting the Appellant to import listed raw materials, without payment of Customs Duty — Show Cause Notice issued as it was contented that supplies made by the Appellant were not treated as discharge of export obligation in terms of condition (a) of the Licence — Appellant was declared to be a defaulter thereby debarring it from getting any licence under the duty exemption scheme or under any other provisions of the Import Export Policy announced from time to time — High Court held that once it is accepted that it was a mistake to issue SIL to the Appellant and the conditions attached to the bond and the licence were wholly impossible to perform, the licensing Authorities ought to have taken remedial steps immediately, particularly when Rule 8 of the Foreign Trade (Regulation) Rules, 1963, empowered JCCI to rectify the error by amending the licence — Whereby substantial claim for CCS stands allowed and the balance claim has been disallowed for want of documentary evidence to show that the project was funded by bilateral or multilateral external assistance
Citation :
Procedural lapse
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Judgement posted by
CMA Lakshminarayana Pulipaka
Practicing Cost Accountant
Personal Profile CMA Lakshmi Narayana pulipaka aged about 38 years residing in Hyderabad cityis an Associate member of ICWAI since lastTen years and is a practising Cost and Management Accountant. With vast professional exeperienceabout 15years he served in different senior management positions and contributed a ... Read more
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