RAJ PRAKASH CHEMICALS LTD. & ANR. vs UNION OF INDIA & ORS.

The Supreme Court examined the import policies regarding acrylic ester monomers, specifically focusing on the changes in nomenclature and classification of these items under various appendices from 1981 to 1985. The Court held that the alterations in the import policy were aimed at conserving foreign exchange and protecting indigenous industries, and that the government had the authority to regulate imports in a manner consistent with these objectives. The judgment affirmed the legality of the import restrictions imposed by the government, thereby upholding the changes made in the import policy framework.