https://www.taxtmi.com/caselaws?id=346145 The case addressed various issues related to the liability of an advance license holder for duty foregone on imports by the transferee, alleged breaches of conditions, confiscation of goods, and imposition of penalties under the Customs Act, 1962. The Tribunal ruled in favor of the transferor, highlighting that duty liability shifted to the transferee upon transfer of the license after fulfilling export obligations. The Tribunal dismissed appeals by Revenue, emphasizing the lack of evidence to support alleged breaches and the transferor's non-liability for duty foregone by the transferee. en-us Mon, 27 Mar 2017 00:00:00 +0530 Mon, 01 Jan 2018 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346145 The case addressed various issues related to the liability of an advance license holder for duty foregone on imports by the transferee, alleged breaches of conditions, confiscation of goods, and imposition of penalties under the Customs Act, 1962. The Tribunal ruled in favor of the transferor, highlighting that duty liability shifted to the transferee upon transfer of the license after fulfilling export obligations. The Tribunal dismissed appeals by Revenue, emphasizing the lack of evidence to support alleged breaches and the transferor's non-liability for duty foregone by the transferee. Case-Laws Customs Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346145