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2007 (12) TMI 159 - HC - CustomsDEEC imports - Under Value Based Advance Licence Scheme, any inputs specified in licence could be imported duty free for the CIF value stated in licence - licensee is obliged to export the manufactured drugs to the value & quantity mentioned in the licence – since licence doesn’t mention CIF value of each input, discharge of bond can’t be denied on ground that individual input under separate licences ought to have been imported– discharge of bond is allowed as export obligation is fulfilled
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