https://www.taxtmi.com/caselaws?id=171590 Under Notification No. 203/92-Cus., the transferee of a transferable value based advance licence was not required to independently prove that the original licence-holder had discharged export obligations without availing input stage credit. Once the DGFT had examined the relevant certificate and endorsed transferability, customs authorities were limited to verifying the endorsed licence and certificate, and could not reopen the licensing authority's satisfaction or impose an impossible burden on a bona fide transferee. Any allegation of fraud or misrepresentation was to be pursued against the party responsible before the competent authority, not used to deny the transferee the exemption. en-us Tue, 20 Sep 2005 00:00:00 +0530 Tue, 10 Sep 2024 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171590 Under Notification No. 203/92-Cus., the transferee of a transferable value based advance licence was not required to independently prove that the original licence-holder had discharged export obligations without availing input stage credit. Once the DGFT had examined the relevant certificate and endorsed transferability, customs authorities were limited to verifying the endorsed licence and certificate, and could not reopen the licensing authority's satisfaction or impose an impossible burden on a bona fide transferee. Any allegation of fraud or misrepresentation was to be pursued against the party responsible before the competent authority, not used to deny the transferee the exemption. Case-Laws Customs Tue, 20 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171590