https://www.taxtmi.com/caselaws?id=246977 Bank guarantees furnished under an advance licence may be invoked where the exporter cannot show discharge of the export obligation through the prescribed DEEC shipping bills and a competent authority's discharge certificate. The text states that conversion of the free shipping bills into DEEC shipping bills had been rejected, and the appeal against that rejection also failed. In that situation, the records did not establish compliance with the redemption conditions, so customs authorities were entitled to retain the encashed amount until the required certificate was produced. The refusal to order refund was therefore justified on the stated facts. en-us Thu, 12 Sep 2013 00:00:00 +0530 Mon, 28 Apr 2014 07:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246977 Bank guarantees furnished under an advance licence may be invoked where the exporter cannot show discharge of the export obligation through the prescribed DEEC shipping bills and a competent authority's discharge certificate. The text states that conversion of the free shipping bills into DEEC shipping bills had been rejected, and the appeal against that rejection also failed. In that situation, the records did not establish compliance with the redemption conditions, so customs authorities were entitled to retain the encashed amount until the required certificate was produced. The refusal to order refund was therefore justified on the stated facts. Case-Laws Customs Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246977