https://www.taxtmi.com/caselaws?id=89438 A quantity-based import licence allowing polyester non-woven felt, polyester staple fibre, or polyester waste was construed in its commercial context to permit import of more than one listed input within the overall licence limits. The use of the word "or" did not, by itself, bar combined imports where all three items were recognised as usable for the export product and import remained within the prescribed quantity and value limits. The customs objection was therefore not sustainable in principle, and the matter was remitted for verification of compliance with the licence limits, with consequential return of sale proceeds if the import was within limits. en-us Wed, 11 Nov 1998 00:00:00 +0530 Tue, 27 Sep 2011 10:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89438 A quantity-based import licence allowing polyester non-woven felt, polyester staple fibre, or polyester waste was construed in its commercial context to permit import of more than one listed input within the overall licence limits. The use of the word "or" did not, by itself, bar combined imports where all three items were recognised as usable for the export product and import remained within the prescribed quantity and value limits. The customs objection was therefore not sustainable in principle, and the matter was remitted for verification of compliance with the licence limits, with consequential return of sale proceeds if the import was within limits. Case-Laws Customs Wed, 11 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89438