https://www.taxtmi.com/caselaws?id=42737 A freely transferable REP licence was interpreted to allow the transferee, who becomes the licence-holder, to import raw materials, components, consumable stores and packing materials for use in its own factory. The phrase permitting imports required for use in the licence-holder's factory was held not to be confined to the original licence-holder's factory, because such a narrow reading would undermine free transferability and create uncertainty after the shopping list system was discontinued. On that construction, the seizure under the Customs Act was unsustainable and could not be upheld. en-us Fri, 12 Jan 1990 00:00:00 +0530 Mon, 14 Jun 2010 10:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42737 A freely transferable REP licence was interpreted to allow the transferee, who becomes the licence-holder, to import raw materials, components, consumable stores and packing materials for use in its own factory. The phrase permitting imports required for use in the licence-holder's factory was held not to be confined to the original licence-holder's factory, because such a narrow reading would undermine free transferability and create uncertainty after the shopping list system was discontinued. On that construction, the seizure under the Customs Act was unsustainable and could not be upheld. Case-Laws Customs Fri, 12 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42737