https://www.taxtmi.com/caselaws?id=80015 A revalidated import licence was construed to include the automatic end-of-month extension and the Handbook's 60-day grace period, so the timber shipment was treated as having occurred within the operative validity period. Because the import was covered by a valid licence, the goods could not be treated as unauthorised, and the confiscation and Customs Act penalties were unsustainable. The exemption notification for duty-free entry under the DEEC scheme was also applied to the goods for the relevant project. Where the revalidation endorsement was reasonably capable of two meanings, the interpretation favourable to the importer was adopted. en-us Wed, 08 Feb 1989 00:00:00 +0530 Tue, 14 Jun 2011 11:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80015 A revalidated import licence was construed to include the automatic end-of-month extension and the Handbook's 60-day grace period, so the timber shipment was treated as having occurred within the operative validity period. Because the import was covered by a valid licence, the goods could not be treated as unauthorised, and the confiscation and Customs Act penalties were unsustainable. The exemption notification for duty-free entry under the DEEC scheme was also applied to the goods for the relevant project. Where the revalidation endorsement was reasonably capable of two meanings, the interpretation favourable to the importer was adopted. Case-Laws Customs Wed, 08 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80015