Section 11(2) of the Foreign Trade (Development and Regulati
Last updated: 02 March 2011
Court :
SC
Brief :
The facts giving rise to these appeals briefly are that the appellant carries on the business of export of brass artwares and other Indian handicrafts. On 09.10.1991, two Advance Licences were issued to the appellant for import of 240 MT’s of brass dross/ash against each of the licences for the C.I.F. value of Rs.24,64,800/- and Rs.24,64,000/- respectively with the condition to export of 80 MT’s of brass art-ware against each of the licences for FOB value of US dollars 2,37,082.95 and US dollars 2,38,545 within a period of 12 months.
Citation :
M/s Hussnain International Versus Union of India & Ors.
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