Chowgule & Company Ltd. vs Assistant Director General Of Foreign ...

The Supreme Court ruled in favor of Chowgule & Company Ltd., overturning the Bombay High Court's decision that denied the company an additional export license for processed iron ore. The court found that the High Court had erred in its interpretation of the Exim Policy, specifically regarding the eligibility criteria for trading houses based on Net Foreign Exchange earnings. The judgment emphasized the need for a fair assessment of the appellant's eligibility under the relevant policy provisions.