https://www.taxtmi.com/caselaws?id=203107 Customs authorities were entitled to invoke the bank guarantee furnished against advance licences under the export-import scheme where the exemption conditions were not shown to have been fulfilled. The record did not establish a discharge certificate, and it indicated possible breach of the customs notification, including a false declaration about manufacturing facilities. The court applied the Customs Act and the notification to hold that the bond could be enforced despite the petitioner's claim of substantial compliance and partial discharge of export obligation, especially where the licence appeared to have been obtained by misrepresentation. The challenge to the bank guarantee invocation therefore failed. en-us Thu, 01 Jul 2010 00:00:00 +0530 Fri, 06 May 2011 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203107 Customs authorities were entitled to invoke the bank guarantee furnished against advance licences under the export-import scheme where the exemption conditions were not shown to have been fulfilled. The record did not establish a discharge certificate, and it indicated possible breach of the customs notification, including a false declaration about manufacturing facilities. The court applied the Customs Act and the notification to hold that the bond could be enforced despite the petitioner's claim of substantial compliance and partial discharge of export obligation, especially where the licence appeared to have been obtained by misrepresentation. The challenge to the bank guarantee invocation therefore failed. Case-Laws Customs Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203107