https://www.taxtmi.com/caselaws?id=34788 A later quantity restriction inserted into an amended value-based advance licence does not retrospectively defeat customs exemption for imports already made within the licence's overall CIF value limit under Notification No. 203/92-Cus. The imports were effected before the restriction existed and complied with the licence conditions then in force; a subsequent enhancement of the licence value with added quantity limits was only prospective. Because the licensing authority had accepted the imports, Customs could not later treat them as a breach of the original licence conditions or deny exemption on the basis of the later amendment. The resulting duty demand was therefore unsustainable. en-us Mon, 05 Jan 2009 00:00:00 +0530 Fri, 30 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34788 A later quantity restriction inserted into an amended value-based advance licence does not retrospectively defeat customs exemption for imports already made within the licence's overall CIF value limit under Notification No. 203/92-Cus. The imports were effected before the restriction existed and complied with the licence conditions then in force; a subsequent enhancement of the licence value with added quantity limits was only prospective. Because the licensing authority had accepted the imports, Customs could not later treat them as a breach of the original licence conditions or deny exemption on the basis of the later amendment. The resulting duty demand was therefore unsustainable. Case-Laws Customs Mon, 05 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34788