https://www.taxtmi.com/caselaws?id=44144 The governing import-export procedure under Para 340 of the Hand Book of Import Export Procedures, 1985-1988 permitted acceptance of a legal undertaking instead of a bank guarantee for an advance licence. Registered exporters were therefore entitled to seek that facility, and refusal could not rest on the fact that their exports for one year consisted of re-export of rough diamond rejections. Because the stated ground was insufficient under the procedure, denial of the undertaking in place of a bank guarantee was unsustainable. en-us Tue, 11 Jul 1995 00:00:00 +0530 Wed, 23 Jun 2010 12:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44144 The governing import-export procedure under Para 340 of the Hand Book of Import Export Procedures, 1985-1988 permitted acceptance of a legal undertaking instead of a bank guarantee for an advance licence. Registered exporters were therefore entitled to seek that facility, and refusal could not rest on the fact that their exports for one year consisted of re-export of rough diamond rejections. Because the stated ground was insufficient under the procedure, denial of the undertaking in place of a bank guarantee was unsustainable. Case-Laws Customs Tue, 11 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44144