https://www.taxtmi.com/caselaws?id=74286 A split import licence for restricted goods was treated as valid for the full permissible value where the licence expressly linked the split licence to the parent licence and imposed an actual user condition under Schedule V of the Imports (Control) Order, 1955. The parent licence had a face value of Rs. 2,07,500 and the split non-transferable licence represented 20% of that value. Because the importers were actual users and imported the goods for their own use, the licence conditions were complied with and no additional value restriction applied. The confiscation order was therefore unsustainable. en-us Tue, 15 Nov 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74286 A split import licence for restricted goods was treated as valid for the full permissible value where the licence expressly linked the split licence to the parent licence and imposed an actual user condition under Schedule V of the Imports (Control) Order, 1955. The parent licence had a face value of Rs. 2,07,500 and the split non-transferable licence represented 20% of that value. Because the importers were actual users and imported the goods for their own use, the licence conditions were complied with and no additional value restriction applied. The confiscation order was therefore unsustainable. Case-Laws Customs Tue, 15 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74286