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of <h1>Supreme Court Ruling: Buyers Must Exercise Caution When Purchasing Licenses to Avoid Consequences Under Public Notice No. 45/2009.</h1> Attention is drawn to a Supreme Court ruling emphasizing the responsibility of buyers to exercise caution, conduct inquiries, and take necessary precautions when purchasing licenses from the open market. This applies to various types of licenses, including SIL, DEPB, DFIA, and DFRC. The ruling highlights that failure to do so may lead to consequences. Importers, Custom House Agents, and trade members are advised to adhere to these guidelines to avoid potential issues. This directive is issued by the Commissioner of Customs (Export) at Nhava Sheva under Public Notice No. 45/2009, dated July 24, 2009.
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