https://www.taxtmi.com/caselaws?id=77196 Customs authorities could not refuse telegraphic release advice to withhold the benefit of a duly granted DEPB licence without lawful procedure or timely action; the refusal was treated as an invalid denial of the licence benefit. Because the licence had expired and restoration was no longer possible, monetary compensation was awarded for the lost value of the benefit, together with simple interest, excluding the specified period of delay in approaching the Court. The writ petition succeeded and the wrongful customs action was held to warrant compensation in place of the unusable licence benefit. en-us Wed, 17 Feb 2010 00:00:00 +0530 Mon, 30 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77196 Customs authorities could not refuse telegraphic release advice to withhold the benefit of a duly granted DEPB licence without lawful procedure or timely action; the refusal was treated as an invalid denial of the licence benefit. Because the licence had expired and restoration was no longer possible, monetary compensation was awarded for the lost value of the benefit, together with simple interest, excluding the specified period of delay in approaching the Court. The writ petition succeeded and the wrongful customs action was held to warrant compensation in place of the unusable licence benefit. Case-Laws Customs Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77196