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2009 (7) TMI 840 - CALCUTTA HIGH COURTExim – licence – denial of renewal – export obligation - The order refused to grant or renew any licence to the petitioner company. It has serious consequences and would affect the business of the petitioners. The petitioners are, at the very least, entitled to know the basis for the authority arriving at such conclusion, particularly considering that the petitioners had contended that they had a value based licence and not a quantity based advance licence. - matter remanded back to DGFT
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