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Initializing Secure Chambers
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Initializing Secure Chambers
Citation: 1971 PLD 492
Court: Sindh High Court
Year: 1970
Decision Date: 1970-12-31
Parties: HYESONS STEEL MILLS LTD., KARACHI vs TRADING CORPORATION OF PAKISTAN JUDGMENT
Case cited as PLD 1971 Karachi 492
Court Name: Sindh High Court Judge(s): Noorul Arfin Title:HYESONS STEEL MILLS LTD., KARACHI vs TRADING CORPORATION OF PAKISTAN JUDGMENT Reported As: PLD 1971 Karachi 492 Result: Award set aside Judgment JUDGMENT This judgment will decide two suits, that is, Suits 373 of 1969 and 424 of 1969, in both of which the Trading Corporation of Pakistan Ltd. (hereinafter called the T. C. P.) has challenged the award of the umpire, Mr. A. S. Faruqui. The brief facts may be stated in this way : The plaintiffs are registered industrial consumers of steel strips, which they use for manufacture of G. I. pipes. These steel strips were provided to be imported from abroad under the Import Policy announced by the Central Government in the Gazette of Pakistan, dated 10th July 1967. According to paragraph 26 of this Policy industries detailed in List 1 of Annexure 2 were made eligible to receive licenses for items on the Licensable List according to the basis to be announced by Regional Controllers. Annexure 1 to the Policy contains the list of licensable items. Steel strips are shown at item 1 of part 1 of this Annexure. The plaintiffs in both the suits were eligible to receive licenses as industrial consumers of steel strips for manufacture by them of G. I. pipes. But the plaintiffs' entitlements to these licenses were made subject to paragraph 9 of the policy, which provided that imports under loan credits will be subject to the conditions and formalities specified in Annexure 3 to the…
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