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of <h1>Appellate Tribunal Upholds Quantity-Based Export Obligation, Rejects Value-Based Argument.</h1> <h3>Ideal Exports Versus CC, ICD, New Delhi</h3> The Appellate Tribunal upheld the quantity-based export obligation under an advanced license, rejecting the appellant's argument for a value-based ... - Notice previously issued and appellant absent; adjournment denied because the matter is interim and Revenue's interest would be prejudiced. Dispute centers on whether export obligation under an advance licence is to be discharged on a 'quantity based' or 'value based' basis. The adjudicating authority observed conflicting contentions and, after examining the issue, concluded that 'there was no possibility of any other view other than quantity based discharge of export obligation.' On that basis the authority 'was compelled under the law to raise the demand' as stated in the adjudication. The Tribunal found no unreasonableness in the Revenue's averments and noted the grounds of appeal did not demonstrate an attempt to discharge the export obligation in strict terms of the advance licence. Consequently the appellant was directed to make a 'pre-deposit of entire demand' within four weeks and to comply by the specified date.
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