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2007 (5) TMI 240 - SC - CustomsPermission to Export - Respondent was granted a license/authorization to export Sandal Wood Oil as far back as in 1996. The goods, however, were not exported within the time stipulated. The Central Government in its EXIM policy for the years 2002-2007 took a policy decision that the license / certificate / permission could be revalidated on merit by the Licensing Authority only for a period of six months and not beyond twelve months reckoned from the date of expiry of the validity period – High court held that the export of Sandal Wood Oil sought to be made by the petitioner was a prohibited item as but, when license was granted it was not a prohibited item. Even under the new policy, DGFT has got power to give relaxation. Therefore, DGFT directed to reconsider the application of extension of authorization – Supreme Court disagreed with the views of HC and allowed the appeal of the DGFT
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