https://www.taxtmi.com/caselaws?id=379097 Administrative cancellation of a Letter of Approval under SEZ conditions was challenged on the basis of alleged misdeclaration, alleged non-compliance with the Bond-cum-Legal Undertaking, and failure to establish positive Net Foreign Exchange. The HC found that the cancellation turned on disputed factual material, including the petitioner's import, export, domestic sales and foreign exchange position, and noted that a later appellate tribunal decision on the duty and penalty issue could affect the basis of the adverse findings. The impugned order was set aside and the matter remanded to the Board of Approval for fresh consideration, with liberty to file additional documents. en-us Mon, 22 Apr 2019 00:00:00 +0530 Wed, 13 Nov 2019 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379097 Administrative cancellation of a Letter of Approval under SEZ conditions was challenged on the basis of alleged misdeclaration, alleged non-compliance with the Bond-cum-Legal Undertaking, and failure to establish positive Net Foreign Exchange. The HC found that the cancellation turned on disputed factual material, including the petitioner's import, export, domestic sales and foreign exchange position, and noted that a later appellate tribunal decision on the duty and penalty issue could affect the basis of the adverse findings. The impugned order was set aside and the matter remanded to the Board of Approval for fresh consideration, with liberty to file additional documents. Case-Laws Customs Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379097