https://www.taxtmi.com/caselaws?id=50099 Customs could not deny clearance under Notification No. 204/92-Cus. merely because an advance licence carried no value restriction. The licence had been issued by the competent licensing authority, and any challenge to its validity or to the absence of restrictions had to be taken under the Foreign Trade regulatory framework. In the absence of such action, Customs was not entitled to question the licence on its own reading of the conditions, sensitive-item list, or handbook. The matter was decided against the Revenue and the import benefit was upheld for the assessee. en-us Wed, 25 Oct 2000 00:00:00 +0530 Thu, 19 Aug 2010 17:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50099 Customs could not deny clearance under Notification No. 204/92-Cus. merely because an advance licence carried no value restriction. The licence had been issued by the competent licensing authority, and any challenge to its validity or to the absence of restrictions had to be taken under the Foreign Trade regulatory framework. In the absence of such action, Customs was not entitled to question the licence on its own reading of the conditions, sensitive-item list, or handbook. The matter was decided against the Revenue and the import benefit was upheld for the assessee. Case-Laws Customs Wed, 25 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50099