20837 of 1993 The Import and Export Policy for the period 1.4.1983 to 1.4.1994 and declared by the Central Government by issue of an order in exercise of the powers companyferred by Section 3 of the Import and Export Control Act, 1947 giving general permission for import into India of raw materials, companyponents and companysumables by users industrial subject to certain companyditions which included the following Items companyered under Part III of the Schedule to this licence can be imported under OGL by Actual Users Industrial and others, for stock and sale.
Such goods arc shipped on through companysignment to Indian on or before 31st March, 1984 or, in the case of Actual Users Industrial on or about 30th June 1984 against companyfirmed order for which irrevocable letters of credit are opened and established on or about 29 2 1984 with numbergrace period whatsoever.
The appellants entered into a companytract with a foreign supplier for import of fatty acids on 1.8.1983 and 3.10.1983 opened an irrevocable letter of credit in favour of the foreign supplier.
Split stearin fatty acids were number a canalised item under that Policy.
The appellants filed a writ petition in the Bombay High Court challenging the amendment made by the public numberice dated 11.11.
1983 by the appellants in the High Court was based mainly on the doctrine of promissory estoppel which has been rejected by the High Court.
A similar challenge on the ground of promissory estoppel has been rejected by this Court in Kanishka Trading Anr.
That writ petition having been dismissed, this appeal has been filed by special leave.
Leave granted in all the special leave petitions.
The challenge to the public numberice dated 11.11.
7153 of 1994 Arising out of SLP C No.
Civil Appeal No.
On 11.
