Export obligation - Value Based Advance Licenses - The date of ...

Export Obligations: License Date vs. Import Date Relevance Under Value Based Advance Licenses.

August 5, 2013

Case Laws     Customs     AT

Export obligation - Value Based Advance Licenses - The date of the licence by itself may not decide chronology but the date of import of the goods may be more relevant. But it is not as if only one import was made against any particular licence. In such a complicated situation, the rationale adopted by Revenue of arranging the licences according to the date of the licence has no logical support not to talk of legal support - AT

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