https://www.taxtmi.com/caselaws?id=115891 The Tribunal upheld the demand for payment of a differential duty but deemed the import of Oxytetracycline under an advance licence proper, despite subsequent modifications reducing the permitted quantity. It clarified that changes in the licence affect duty concessions, not the legality of the import if initially valid. The Tribunal also reduced the Redemption Fine imposed on the appellant, emphasizing that modifications in import licences impact duty concessions but do not invalidate the initial import made under a valid licence. The appellant received consequential relief, affirming the legality of the import under the advance licence scheme. en-us Wed, 19 Jan 2005 00:00:00 +0530 Tue, 05 Jun 2012 10:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115891 The Tribunal upheld the demand for payment of a differential duty but deemed the import of Oxytetracycline under an advance licence proper, despite subsequent modifications reducing the permitted quantity. It clarified that changes in the licence affect duty concessions, not the legality of the import if initially valid. The Tribunal also reduced the Redemption Fine imposed on the appellant, emphasizing that modifications in import licences impact duty concessions but do not invalidate the initial import made under a valid licence. The appellant received consequential relief, affirming the legality of the import under the advance licence scheme. Case-Laws Customs Wed, 19 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115891