https://www.taxtmi.com/caselaws?id=406459 Where the competent authority issued redemption certificates confirming full discharge of the export obligation under the advance authorisation scheme, the customs allegation of misuse of licence benefits could not survive. The record showed that the export obligation had been fulfilled in quantity and value terms, so the foundation for demand, confiscation and penalties ceased to exist. On that basis, the confiscation and penalties were not sustainable and the impugned order was set aside, with consequential relief granted to the assessee in accordance with law. en-us Wed, 17 Mar 2021 00:00:00 +0530 Fri, 22 Oct 2021 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406459 Where the competent authority issued redemption certificates confirming full discharge of the export obligation under the advance authorisation scheme, the customs allegation of misuse of licence benefits could not survive. The record showed that the export obligation had been fulfilled in quantity and value terms, so the foundation for demand, confiscation and penalties ceased to exist. On that basis, the confiscation and penalties were not sustainable and the impugned order was set aside, with consequential relief granted to the assessee in accordance with law. Case-Laws Customs Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406459