Union Of India & Ors vs M/S. Prince Rubber Industries

The Supreme Court upheld the Punjab and Haryana High Court's decision to quash the order of the Deputy Director General of Foreign Trade dated 23.03.2001, which denied the grant of 8% Cash Compulsory Support premium against an advance import licence. The Court affirmed that the Writ Petitioner had applied within the stipulated time as per circular No. 11 dated 05.05.1993, and the inaction of the authorities could not justify the denial of the claim. Consequently, the appeal was dismissed, affirming the High Court's directive for the release of the premium along with interest.