TESTEELS LTD. vs UNION OF INDIA

The Supreme Court held that the cash assistance scheme for exports under the Import Trade Control Policy does not extend to exports made beyond the specified time period. The Court affirmed the High Court's decision that denied cash assistance for contracts entered into after April 1972, as the assistance was only available up to a specific date. The Court found no merit in the appellant's contention regarding inconsistent reasons for denial of cash assistance, thus dismissing the appeal.