https://www.taxtmi.com/caselaws?id=82011 Import licences cancelled for fraud or misrepresentation were treated as voidable rather than automatically void, so cancellation did not retrospectively invalidate imports already completed and cleared before cancellation. Where goods had been cleared by Delhi Customs under Section 47 of the Customs Act, 1962, Bombay Customs could not itself assume adjudicatory jurisdiction over those goods and, at most, could refer the matter to the proper authority. The text also notes that, absent independent evidence or reasoning, the value of returnable bobbins could not be added to the assessable value, and an undervaluation finding could not be sustained on that basis. en-us Fri, 15 May 1992 00:00:00 +0530 Fri, 01 Jul 2011 13:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82011 Import licences cancelled for fraud or misrepresentation were treated as voidable rather than automatically void, so cancellation did not retrospectively invalidate imports already completed and cleared before cancellation. Where goods had been cleared by Delhi Customs under Section 47 of the Customs Act, 1962, Bombay Customs could not itself assume adjudicatory jurisdiction over those goods and, at most, could refer the matter to the proper authority. The text also notes that, absent independent evidence or reasoning, the value of returnable bobbins could not be added to the assessable value, and an undervaluation finding could not be sustained on that basis. Case-Laws Customs Fri, 15 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82011