https://www.taxtmi.com/caselaws?id=102021 Under Notification No. 203/92-Cus., a transferee under an advance licence must still show that the imported materials are required for manufacture of the export product; transferability of the licence alone does not confer exemption. The majority view was that stamping foils could not qualify merely because the licence was transferable or the goods were broadly described as such, and the transferee failed to establish a direct nexus with the manufacture of gents shoe uppers. The dissent considered transferability sufficient and rejected any further nexus requirement. On the facts stated, the exemption was denied. en-us Tue, 26 Mar 2002 00:00:00 +0530 Mon, 13 Feb 2012 13:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102021 Under Notification No. 203/92-Cus., a transferee under an advance licence must still show that the imported materials are required for manufacture of the export product; transferability of the licence alone does not confer exemption. The majority view was that stamping foils could not qualify merely because the licence was transferable or the goods were broadly described as such, and the transferee failed to establish a direct nexus with the manufacture of gents shoe uppers. The dissent considered transferability sufficient and rejected any further nexus requirement. On the facts stated, the exemption was denied. Case-Laws Customs Tue, 26 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102021