https://www.taxtmi.com/caselaws?id=50775 A transferee-importer using a transferable advance licence, duly endorsed as transferable by the licensing authority, cannot be fastened with duty demand and penalty on the basis of alleged non-fulfilment or misrepresentation by the transferer alone. Where the importer purchased the licence openly and the adjudicating authority does not address the transferee's lack of knowledge of any earlier contravention, the extended limitation under Section 28 of the Customs Act is not available against the transferee on that ground. The demand and penalty therefore do not survive against the transferee-importer. en-us Wed, 13 Jun 2001 00:00:00 +0530 Wed, 08 Sep 2010 14:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50775 A transferee-importer using a transferable advance licence, duly endorsed as transferable by the licensing authority, cannot be fastened with duty demand and penalty on the basis of alleged non-fulfilment or misrepresentation by the transferer alone. Where the importer purchased the licence openly and the adjudicating authority does not address the transferee's lack of knowledge of any earlier contravention, the extended limitation under Section 28 of the Customs Act is not available against the transferee on that ground. The demand and penalty therefore do not survive against the transferee-importer. Case-Laws Customs Wed, 13 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50775