https://www.taxtmi.com/caselaws?id=53306 Customs authorities cannot question, scale down, or otherwise alter a value-based advance licence on allegations of misrepresentation where the licensing authority has not cancelled or amended the licence. The power to grant or modify the licence remains with the licensing authority, and Customs must accept the licence as issued for purposes of exemption. Where the import remains within the licence value and no independent customs violation is shown, demand, confiscation, redemption fine, and penalty are unsustainable. en-us Fri, 21 May 2004 00:00:00 +0530 Tue, 12 Oct 2010 15:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53306 Customs authorities cannot question, scale down, or otherwise alter a value-based advance licence on allegations of misrepresentation where the licensing authority has not cancelled or amended the licence. The power to grant or modify the licence remains with the licensing authority, and Customs must accept the licence as issued for purposes of exemption. Where the import remains within the licence value and no independent customs violation is shown, demand, confiscation, redemption fine, and penalty are unsustainable. Case-Laws Customs Fri, 21 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53306