D. NAVINACHANDRA & CO., BOMBAY & ANR. ETC. vs UNION OF INDIA & ORS.

The Supreme Court upheld the validity of the April 18, 1985 order in Union of India v. Rajnikant Bros., affirming that diamond exporters with Export House Certificates are entitled to import items not specifically banned under the current Import Policy. The Court clarified that subsequent decisions did not contradict this order but rather reinforced its principles, emphasizing that imports must comply with the relevant rules and the prevailing import policy at the time. The petitions challenging the imposition of fines by Customs Authorities were dismissed, confirming the lawful nature of the importation process as directed by the Court.