https://www.taxtmi.com/caselaws?id=44336 Fiscal exemption conditions attached to a transferable value-based advance licence must be strictly fulfilled. The document states that where export obligation was linked to a no-Modvat-credit requirement, later reversal of credit did not cure the original breach, and duty-free clearance remained unavailable. It also notes that customs authorities may deny exemption and insist on duty payment when the prescribed conditions are not satisfied. Any dispute between the transferor and transferees over ultimate duty liability is distinct from the customs exemption question and was not treated as affecting the denial of benefit. en-us Fri, 01 Mar 1996 00:00:00 +0530 Fri, 25 Jun 2010 15:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44336 Fiscal exemption conditions attached to a transferable value-based advance licence must be strictly fulfilled. The document states that where export obligation was linked to a no-Modvat-credit requirement, later reversal of credit did not cure the original breach, and duty-free clearance remained unavailable. It also notes that customs authorities may deny exemption and insist on duty payment when the prescribed conditions are not satisfied. Any dispute between the transferor and transferees over ultimate duty liability is distinct from the customs exemption question and was not treated as affecting the denial of benefit. Case-Laws Customs Fri, 01 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44336