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Issues:
1. Correct issuance of Special Imprest Licences under the Import & Export Policy 1988-91. 2. Dispute over entitlement to Special Imprest Licence based on policy provisions. 3. Failure to correct the initial licence issued and issue the second licence. The judgment by M.L. Pendse, J., of the Bombay High Court pertained to a case where the petitioners, an export house dealing in video cassettes, applied for Special Imprest Licences under the Duty Exemption Entitlements Scheme of the Import & Export Policy 1988-91. The petitioners had initially applied for the licences in August 1988 and later submitted a second application in March 1989. However, the respondents delayed issuing the second licence and failed to correct the first licence, which referred to an "advance licence" instead of a "Special Imprest Licence." The respondents, represented by Shri J.P. Devdhar, initially objected to correcting the first licence, claiming the petitioners were not entitled to a Special Imprest Licence as per para 220(iii) of the Import-Export Policy 1988-91. However, the court found that the petitioners had met the requirements specified in the policy for obtaining the Special Imprest Licence. The court noted that the import authorities were not required to consider the customs exemption notification under the Customs Act, and the respondents were obligated to issue the Special Imprest Licences as demanded by the petitioners. In the final ruling, the court made the rule absolute and directed the respondents to issue the petitioners the two Special Imprest Licences within six weeks from the date of the judgment, emphasizing that the respondents were bound to fulfill this obligation. The judgment concluded without any order as to costs, holding the respondents accountable for the correct issuance of the licences as per the Import & Export Policy 1988-91. ---
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