https://www.taxtmi.com/caselaws?id=74729 A REP licence transferred for value to a bona fide transferee without notice remained effective for imports completed before any later suspension or cancellation. A licence said to have been obtained by misrepresentation is voidable, not void ab initio, and continues to operate until lawfully avoided or cancelled. On that basis, goods imported while the licence was valid at the time of contract, shipment, arrival and filing of the bill of entry could not be treated as unauthorized merely because the licence was later cancelled. Confiscation and redemption fine were therefore not sustainable, and the completed import was treated as lawful. en-us Tue, 13 Oct 1987 00:00:00 +0530 Fri, 10 Jun 2011 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74729 A REP licence transferred for value to a bona fide transferee without notice remained effective for imports completed before any later suspension or cancellation. A licence said to have been obtained by misrepresentation is voidable, not void ab initio, and continues to operate until lawfully avoided or cancelled. On that basis, goods imported while the licence was valid at the time of contract, shipment, arrival and filing of the bill of entry could not be treated as unauthorized merely because the licence was later cancelled. Confiscation and redemption fine were therefore not sustainable, and the completed import was treated as lawful. Case-Laws Customs Tue, 13 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74729