UNION OF INDIA 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 Writ Petitioner's claim for 8% Cash Compulsory Support premium due to the closure of the scheme in 1994. The Court found that the Writ Petitioner had applied within the stipulated time frame 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 order for the release of the premium along with interest.