https://www.taxtmi.com/caselaws?id=235806 Under the amnesty scheme linked to Notification No. 203/92-Cus, compliance had to be tested licence-wise, but no statutory or judicial direction required the payments to be appropriated in chronological order. On that basis, pre-cut-off reversals and interest payments could be allocated against the advance licences in the manner chosen by the assessee, so long as the scheme's conditions were substantially met. The Revenue's insistence on a fixed chronological clubbing method was rejected, and the customs duty demand had to be confined only to the licences that actually remained in default. en-us Thu, 11 Jul 2013 00:00:00 +0530 Sat, 08 Feb 2014 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235806 Under the amnesty scheme linked to Notification No. 203/92-Cus, compliance had to be tested licence-wise, but no statutory or judicial direction required the payments to be appropriated in chronological order. On that basis, pre-cut-off reversals and interest payments could be allocated against the advance licences in the manner chosen by the assessee, so long as the scheme's conditions were substantially met. The Revenue's insistence on a fixed chronological clubbing method was rejected, and the customs duty demand had to be confined only to the licences that actually remained in default. Case-Laws Customs Thu, 11 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235806