DY. CHIEF CONTROLLER OF IMPORTS & EXPORTS,NEW DELHI vs K. T. KOSALRAM & ORS.

The Supreme Court interpreted the provisions of the Imports and Exports Act, 1947, particularly Section 3, and the Import Control Order, 1955, regarding the licensing conditions for importing printing presses. The Court held that the condition in the licence prohibiting the sale of imported goods applies to printing presses as they fall under the category of printing and lithographic material specified in the ITC Schedule. Consequently, the respondents' sale of a printing press was deemed a violation of the licence conditions, leading to the upholding of the complaint against them under Section 120B IPC and Section 5 of the Imports and Exports Control Act.