Adani Exports Ltd., Ahmedabad And Anr. vs Union Of India And Ors. on 3 April, 2000
In the aforesaid case of Sonia Fisheries, (1997 (68) ECR 796) on behalf of the petitioners, with regard to the contention of vested right of the petitioners, reliance was placed on the observations made by the Supreme Court in the case of S. B. International Limited v. Asstt. Director General of FT reported in 1996 (8) CXLT (sic) (SC) MISC-1 : (AIR 1996 SC 2921), and in that case the Apex Court observed that it is the date of licence that is relevant and not the date of application therefor. It is obvious that the norms (value addition norm) in vogue on the date of grant of licence shall govern the licence.