https://www.taxtmi.com/caselaws?id=110282 An import licence may be revalidated where its operative date was delayed through no fault of the holder, and where a limited extension is needed to complete import commitments already undertaken. The Court treated the prior verification delay and the short period sought as relevant to an equitable adjustment, noting that the extension would avoid serious business loss without prejudicing the authorities. On those facts, the licence period was extended by revalidation for three weeks from the date of revalidation. en-us Thu, 15 Jan 2004 00:00:00 +0530 Sat, 16 Jul 2016 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110282 An import licence may be revalidated where its operative date was delayed through no fault of the holder, and where a limited extension is needed to complete import commitments already undertaken. The Court treated the prior verification delay and the short period sought as relevant to an equitable adjustment, noting that the extension would avoid serious business loss without prejudicing the authorities. On those facts, the licence period was extended by revalidation for three weeks from the date of revalidation. Case-Laws Customs Thu, 15 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110282