https://www.taxtmi.com/caselaws?id=110422 At the stay stage, the Tribunal considered whether a transferee of a value-based advance licence could claim duty-free import where the original licence holder had allegedly not satisfied the notification conditions, and whether export obligation compliance was a condition precedent to exemption under Notification No. 203/92-Cus. The Tribunal noted conflicting authorities on whether a transferee can obtain a better right than the original licence holder and found that the issue required detailed examination of the notification, licence terms, and cited case law. It did not finally decide the merits at that interim stage, but dispensed with pre-deposit of duty and penalty and listed the appeal for regular hearing. en-us Fri, 12 Dec 2003 00:00:00 +0530 Mon, 16 Apr 2012 17:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110422 At the stay stage, the Tribunal considered whether a transferee of a value-based advance licence could claim duty-free import where the original licence holder had allegedly not satisfied the notification conditions, and whether export obligation compliance was a condition precedent to exemption under Notification No. 203/92-Cus. The Tribunal noted conflicting authorities on whether a transferee can obtain a better right than the original licence holder and found that the issue required detailed examination of the notification, licence terms, and cited case law. It did not finally decide the merits at that interim stage, but dispensed with pre-deposit of duty and penalty and listed the appeal for regular hearing. Case-Laws Customs Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110422