https://www.taxtmi.com/caselaws?id=43671 An industrial licence under Entry 23(1) of the First Schedule to the Industries (Development and Regulation) Act, 1951 was construed with the contemporaneous import policy and Government notice permitting import of polyester filament yarn under Open General Licence to actual users. On that construction, the imported yarn fell within the scope of the licence, so the customs authorities proceeded on an erroneous premise. Because the basic assumption underlying the proposed confiscation and penalty was incorrect, the show cause notice was without jurisdiction and was quashed. en-us Tue, 20 Jul 1993 00:00:00 +0530 Sat, 19 Jun 2010 13:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43671 An industrial licence under Entry 23(1) of the First Schedule to the Industries (Development and Regulation) Act, 1951 was construed with the contemporaneous import policy and Government notice permitting import of polyester filament yarn under Open General Licence to actual users. On that construction, the imported yarn fell within the scope of the licence, so the customs authorities proceeded on an erroneous premise. Because the basic assumption underlying the proposed confiscation and penalty was incorrect, the show cause notice was without jurisdiction and was quashed. Case-Laws Customs Tue, 20 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43671