Supreme Court of India
Steel Authority of India Ltd. v. Shri Ambica Mills Ltd. and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that the importer (Ambka Tubes) cannot claims as of right that its order must be deemed to have been registered for supply of raw materials on 20.8.1983 when the documents with all defects were presented. c We cannot agree with the contention of Mr.
Judgment, page 12
From the headnote
Import & Export Policy-Scheme under-Import licence holder to have certain conditions fulfilled in order to get supply of raw material-Application furnished on a particular date for supply of raw material defective and not accompanied by requisite documents-Corrected documents filed only after _the price of the raw material enhanced -Held, the sale price chargeable is price ruling on the date on which acceptable and operative financial arrangements are made in favour of supplier by import licence holder eligible to get supplies under the Scheme. Companies Act, 1956 : Appellant
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