JUDGMENT

VENKATACHALIAH, J. :— By this petition under Art. 32 of the Constitution. Messrs. Rup Diamonds, a Registered Export House, assail the validity of the decisions dated9-4-1986 and5-8-1986 of the Joint Chief Controller of Imports and Exports declining to re-validate and endorse six Imprest Licences for import of Open General Licence items upon the fulfilment by the petitioners of their export obligations under the Imprest Licences. Petitioners seek issue of appropriate writs to the Authorities to re-validate the six Imprest Licences, with appropriate endorsement for the import of Open General items under the Import Export Policy of 1982-83 (A-M 1983).

2. This writ petition came up for preliminary hearing along with Special Leave Petition (Civil) Nos. 2579 of 1987 and 2580 of 1987 preferred by the Union of India seeking leave to appeal from two Judgments of the Division Bench of the High Court of Judicature at Bombay in two other cases.

3. Petitioners are a recognised Export House for purposes of the Import-Export Policy, 1982-83. They applied for, and were granted, six imprest licences; (1) 2932347 dated 31-7-1982 for CIF value of Rs. 65,28,500/-., (2) 293259 dated 20-8-1982 fo