https://www.taxtmi.com/caselaws?id=48541 The court allowed the petition, directing the respondents to register the contracts and return the bank guarantee. It clarified that REP licences are valid for concessional customs duty under Tariff Heading 98.01 if contracts are registered and imports comply with the Import Policy. The court emphasized interpreting regulations to facilitate trade activities without unnecessary restrictions. en-us Tue, 25 Aug 2009 00:00:00 +0530 Sun, 02 Nov 2014 20:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48541 The court allowed the petition, directing the respondents to register the contracts and return the bank guarantee. It clarified that REP licences are valid for concessional customs duty under Tariff Heading 98.01 if contracts are registered and imports comply with the Import Policy. The court emphasized interpreting regulations to facilitate trade activities without unnecessary restrictions. Case-Laws Customs Tue, 25 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48541