https://www.taxtmi.com/caselaws?id=121397 DEEC licences that expressly covered import of LLDPE/LDPE/HDPE/PP granules were treated as valid and operative because no material showed misdeclaration by the exporters and the licences had not been cancelled. As the licences were transferable and the transferees imported goods within the licence terms, no breach of the import policy or of Notification No. 204/92-Customs was established, and the customs demand and proposed penalties did not survive. en-us Mon, 09 Apr 2007 00:00:00 +0530 Mon, 30 Jul 2012 14:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121397 DEEC licences that expressly covered import of LLDPE/LDPE/HDPE/PP granules were treated as valid and operative because no material showed misdeclaration by the exporters and the licences had not been cancelled. As the licences were transferable and the transferees imported goods within the licence terms, no breach of the import policy or of Notification No. 204/92-Customs was established, and the customs demand and proposed penalties did not survive. Case-Laws Customs Mon, 09 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121397