https://www.taxtmi.com/caselaws?id=233686 Where imported goods were initially cleared without a licence, subsequent DGFT clarification and a later licence specifically covering the same consignments removed the basis for treating the imports as unauthorised. The Exim Policy treated DGFT interpretation on such importability questions as final and binding, and also allowed clearance of goods already shipped or arrived against a later-issued licence. On that footing, customs could not reject the DGFT licence, question its validity, or continue confiscation, appropriation of the bank guarantee, and penalty once the licence covered the goods. Consequential release of the bond and bank guarantee followed. en-us Thu, 02 May 2013 00:00:00 +0530 Fri, 08 Nov 2013 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233686 Where imported goods were initially cleared without a licence, subsequent DGFT clarification and a later licence specifically covering the same consignments removed the basis for treating the imports as unauthorised. The Exim Policy treated DGFT interpretation on such importability questions as final and binding, and also allowed clearance of goods already shipped or arrived against a later-issued licence. On that footing, customs could not reject the DGFT licence, question its validity, or continue confiscation, appropriation of the bank guarantee, and penalty once the licence covered the goods. Consequential release of the bond and bank guarantee followed. Case-Laws Customs Thu, 02 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233686