https://www.taxtmi.com/caselaws?id=251193 Advance Authorisation entitlement was linked to the FOB/FOR value of exports in the immediately preceding licensing year, so the applicant's entitlement was correctly computed with reference to its 2010-11 exports and limited to Rs. 38,83,52,050. The Handbook of Procedures could not override the Foreign Trade Policy, and a status holder's policy-level exemption from furnishing bank guarantees prevailed over a handbook requirement for authorisation granted beyond entitlement. The bank guarantee condition was therefore inapplicable to the applicant, and the impugned communication was set aside only to that extent. en-us Mon, 01 Sep 2014 00:00:00 +0530 Mon, 12 Jan 2015 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251193 Advance Authorisation entitlement was linked to the FOB/FOR value of exports in the immediately preceding licensing year, so the applicant's entitlement was correctly computed with reference to its 2010-11 exports and limited to Rs. 38,83,52,050. The Handbook of Procedures could not override the Foreign Trade Policy, and a status holder's policy-level exemption from furnishing bank guarantees prevailed over a handbook requirement for authorisation granted beyond entitlement. The bank guarantee condition was therefore inapplicable to the applicant, and the impugned communication was set aside only to that extent. Case-Laws Customs Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251193