Supreme Court of India
Daewoo Motors India Ltd. v. Union of India 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.
1 Supreme Court bench has cited this judgment.
From the headnote
Customs Act, 1962: S. 25(1)-Exemption Notification No. 111195-CUS. dated 5.6.1995- Export Promotion Capital Goods Scheme-To faljil export obligation Company obtained various import licences in respect of which bank guarantees famished from various banks-Jn respect of CJF value 'of rupees one hundred crore and more period to fa/fl/ export obligation was extended--But later extension period revoked and bank guarantees invoked-Company contending that since the period for compliance of export obligation was extended, the bank guarantees cannot be permitted to be encashed as ample time is
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