https://www.taxtmi.com/caselaws?id=41747 The court ruled in favor of the petitioners, a Private Limited Company, in a case challenging the amendment of their Advance Licence and Duty Exemption Certificate. The court held that the authorities could not amend the norms after issuance of the license, allowing the petitioners to import the originally specified quantity of stainless steel with the duty exemption. The Department was directed to revalidate and extend the DEEC book for the petitioners to fulfill their export obligations within a specified timeframe. The validity and enforcement of Bank guarantees were also addressed, with the court quashing the impugned orders and outlining conditions for compliance. en-us Wed, 23 Jul 1986 00:00:00 +0530 Sat, 05 Jun 2010 17:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41747 The court ruled in favor of the petitioners, a Private Limited Company, in a case challenging the amendment of their Advance Licence and Duty Exemption Certificate. The court held that the authorities could not amend the norms after issuance of the license, allowing the petitioners to import the originally specified quantity of stainless steel with the duty exemption. The Department was directed to revalidate and extend the DEEC book for the petitioners to fulfill their export obligations within a specified timeframe. The validity and enforcement of Bank guarantees were also addressed, with the court quashing the impugned orders and outlining conditions for compliance. Case-Laws Customs Wed, 23 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41747