Fri. Jan 22nd, 2021

T.T. Ltd. vs Union Of India & Anr on 7 January, 2016

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: G.ROHINI, CHIEF JUSTICE:
1. The petitioner in these two petitions is a company registered under the
Companies Act, 1956.
2. Aggrieved by the action of the Director General of Foreign Trade in
rejecting the petitioner‟s requests for grant of „Duty Credit Scrips‟ for the
value of Rs.79,83,885.11 and Rs.4,59.94,671 under the Foreign Trade Policy
(FTP) 2009-14, these two writ petitions are filed.
3. The petitioner company is in the business of trading in textiles both in
domestic and international markets. It is also an Importer – Exporter Card
(IEC) Holder.
4. In exercise of the powers conferred under Section 5 of Foreign Trade
(Development And Regulation) Act, 1992 (For Short „the Act‟), the
Department of Commerce, Ministry of Commerce and Industry, Government
of India, by Notification No. 1/2009-2014 dated 27th August, 2009 issued the
Foreign Trade Policy 2009 – 2014 which came into force with immediate
effect.

Source: Indian Kanoon

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