PUJA ENTERPRISES Vs. UNION OF INDIA

JUDGEMENT

(1.) Heard.

(2.) The petitioner is claiming to be a bona fide transferee of two licences bearing Nos. 2313379 and 31002874 dated 22-12-1998 and 7-12-1998 respectively, which were originally issued in favour of M/s. Betul Oils and Flours Ltd.

(3.) The petitioner has purchased these licences for valuable consideration. The invoices produced seeking clearance of Vitamin B2 Riboflavin (feed grade 96%) along with Bill of Entry No. 108971 dated 12-2-2000 indicated the details of these licences.