https://www.taxtmi.com/caselaws?id=35316 Para 125 of the Handbook of Procedure 1992-97 permits the Regional Licensing Authority to consider revalidation of an advance licence on merits and to grant one or more revalidations within the prescribed outer limit. Para 127, dealing with transferability, operates in a different field and sub-para (v) only prescribes the validity period of a transferred licence in the transferee's hands. Because para 127(v) does not exclude revalidation, a request for revalidation is not barred merely because the licence has been endorsed as transferable; the rejection of such a request was therefore unsustainable and the matter required reconsideration under para 125. en-us Thu, 16 Jul 2009 00:00:00 +0530 Mon, 15 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35316 Para 125 of the Handbook of Procedure 1992-97 permits the Regional Licensing Authority to consider revalidation of an advance licence on merits and to grant one or more revalidations within the prescribed outer limit. Para 127, dealing with transferability, operates in a different field and sub-para (v) only prescribes the validity period of a transferred licence in the transferee's hands. Because para 127(v) does not exclude revalidation, a request for revalidation is not barred merely because the licence has been endorsed as transferable; the rejection of such a request was therefore unsustainable and the matter required reconsideration under para 125. Case-Laws Customs Thu, 16 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35316