https://www.taxtmi.com/caselaws?id=797669 Transferable advance licences allegedly obtained through misrepresentation or fraud raise questions on whether imports remain valid until the licensing authority suspends or cancels the licence. Key issues include the licensing authority's power and duty to cancel fraudulently obtained licences, customs duty liability of transferee importers relying on endorsed licences, and exposure to confiscation and penalties for acts or omissions rendering imported goods liable to confiscation. The scope of penalty under the Customs Act is considered in relation to imports made under licences later alleged to have been obtained fraudulently. en-us Wed, 12 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797669 Transferable advance licences allegedly obtained through misrepresentation or fraud raise questions on whether imports remain valid until the licensing authority suspends or cancels the licence. Key issues include the licensing authority's power and duty to cancel fraudulently obtained licences, customs duty liability of transferee importers relying on endorsed licences, and exposure to confiscation and penalties for acts or omissions rendering imported goods liable to confiscation. The scope of penalty under the Customs Act is considered in relation to imports made under licences later alleged to have been obtained fraudulently. Case-Laws Customs Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797669