https://www.taxtmi.com/caselaws?id=241582 The court held that advance licenses could be utilized against earlier imports as the goods had not been cleared from customs. It was determined that no interest was payable on exempt duty upon furnishing advance licenses, but interest would be payable for any duty not covered by the advance licenses. The court concluded that the respondents erred in rejecting the advance licenses submitted by the petitioner. The customs duty paid by the petitioner was treated as final and binding, and no interest for delayed payment was recoverable. The writ petition was disposed of without any orders as to costs. en-us Wed, 18 Dec 2013 00:00:00 +0530 Thu, 13 Nov 2014 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241582 The court held that advance licenses could be utilized against earlier imports as the goods had not been cleared from customs. It was determined that no interest was payable on exempt duty upon furnishing advance licenses, but interest would be payable for any duty not covered by the advance licenses. The court concluded that the respondents erred in rejecting the advance licenses submitted by the petitioner. The customs duty paid by the petitioner was treated as final and binding, and no interest for delayed payment was recoverable. The writ petition was disposed of without any orders as to costs. Case-Laws Customs Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241582