FAZAL WEAVING MILLS LIMITED, MULTAN versus CONTROLLER, IMPORTS AND EXPORTS, PESHAWAR
Imports and Exports (Control) Act 1950 Section 3 (1) Import Policy Order, 1991, Para 2 15 Import Policy Order, 1992 Para 2 75 Import of Controller to issue cash import license for import of machinery for spinning units And Export Denial of Imports Policy Order, 1992 Applicants who applied for cash import licenses by Judiciary Petitioners, under the Import Policy Order, 1991, supplied the cash import license under the Import Policy Order, 1991 Was justified. However, under the Import Policy Order, 1992, spinning units were excluded from the scope of the policy grant of a cash import license, with regard to new spinning units only certain amount was restricted, applicants later Applied for a cash import license With the implementation of the Import, Policy Order 1992, no premium has been received since the Import Policy Order 1991, which expired on June 30, 1992. As such, the indicator was rightly rejected by the Import and Export Controller, the right to operate under the Import Policy Order 1991, it would have been applicable to the applicants if they had received a cash import license during the presence of the Import Policy Order 1991 Before applying for a supply, and before the settlement of their requests, the Import Policy Order 1992 was implemented, in the absence of such applications and on the power to fulfill any commitment by the Government in connection with the granting of a cash import license. Could not claim. Some formalities required for the establishment of a spinning unit
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