https://www.taxtmi.com/caselaws?id=113451 The exemption under Notification No. 30/95 applied where the import was covered by a valid advance licence at the relevant stage of importation, even though the licence expired before ex-bond clearance from the bonded warehouse. The reasoning followed earlier cases holding that the notification did not require the advance licence to remain valid up to the date of warehouse clearance. The importer was therefore entitled to the benefit of the notification, and the Revenue's objection based on expiry of the licence at clearance was rejected. en-us Tue, 27 Apr 2004 00:00:00 +0530 Sat, 05 May 2012 13:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113451 The exemption under Notification No. 30/95 applied where the import was covered by a valid advance licence at the relevant stage of importation, even though the licence expired before ex-bond clearance from the bonded warehouse. The reasoning followed earlier cases holding that the notification did not require the advance licence to remain valid up to the date of warehouse clearance. The importer was therefore entitled to the benefit of the notification, and the Revenue's objection based on expiry of the licence at clearance was rejected. Case-Laws Customs Tue, 27 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113451