https://www.taxtmi.com/caselaws?id=183923 The court allowed the petition, ruling that Customs authorities acted beyond their jurisdiction by withholding DEPB licenses and questioning the validity of DEPB credits granted by the licensing authority. The court directed the release of bank guarantees, made the rule absolute, and disposed of civil applications for early hearing. The Orders-in-Original denying DEPB benefits were quashed, emphasizing Customs' role in verifying export details, not determining license eligibility. The court upheld the petitioners' entitlement to DEPB credits and ordered the return of original DEPB licenses with verification reports. en-us Wed, 21 Dec 2005 00:00:00 +0530 Fri, 24 Jun 2016 17:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183923 The court allowed the petition, ruling that Customs authorities acted beyond their jurisdiction by withholding DEPB licenses and questioning the validity of DEPB credits granted by the licensing authority. The court directed the release of bank guarantees, made the rule absolute, and disposed of civil applications for early hearing. The Orders-in-Original denying DEPB benefits were quashed, emphasizing Customs' role in verifying export details, not determining license eligibility. The court upheld the petitioners' entitlement to DEPB credits and ordered the return of original DEPB licenses with verification reports. Case-Laws Income Tax Wed, 21 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183923