DAEWOO MOTORS INDIA LTD. vs UNION OF INDIA .

The Supreme Court addressed the encashment of bank guarantees under the Export Promotion Capital Goods (E.P.C.G.) Scheme, specifically referencing Section 25(1) of the Customs Act, 1962. The Court held that the High Court's dismissal of the writ petition was justified as it involved disputed questions of fact and was an appealable order under Article 226 of the Constitution. The Court granted a stay on the encashment of bank guarantees for licenses with a CIF value exceeding Rupees one hundred crores, allowing the appellant company time to fulfill its export obligations.