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1995 (8) TMI 74

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..... idation of licences limiting and/or restricting the import of goods mentioned under Paragraph 138 of the 1983-84 Import and Export Policy to only those items which were listed in Appendix 3 and Appendix 5 and Part A of the Import Export Policy for the year 1990-93. The said application was however dismissed by a learned single judge of this Court on 1st of December, 1992 holding that since there w .....

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..... ained. In order to clear such confusion the appellant made an application for clarification of the order dated 1st December, 1992 passed by a learned single judge of this court to the effect that the said order would not prevent the respondents from revalidating the licences under the Import and Export Policy 1990-93 in terms of their own decision contained in the memo dated 1st of January, 1991. .....

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..... our view, the Government is entitled to make policy every year by looking into and considering the exigency of the situation and if a policy is changed, nobody can place his right or claim his right on the basis of the old one. No one has a vested right to this effect if the Government is entitled to change the policy in accordance with the situation as well as under the circumstances as it exists .....

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