2020 (3) TMI 1434

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..... None appeared for the appellant, despite issuance of notice by the Registry. Heard the Learned AR for Revenue. 2. Brief facts of the case are that the appellant herein, had imported the disputed goods duty free under Notification No. 203/92-Cus., dated 19-5-1992 against the Advance Licence procured from one M/s. Hap International. In order to be entitled for the benefit of duty free imports .....

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..... eeling aggrieved with the impugned order, the appellant has preferred this appeal before the Tribunal. The appellant had inter alia, contended that no input stage credit was availed by it and that since the licensing authority had permitted for transfer of the Advance Licence by the original licence holder, the adjudged demands cannot be fastened on the appellant by the Customs Authorities. In sup .....

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..... rmation of the office of DGFT, availment of Modvat credit by the transferor cannot be questioned subsequently by the Customs Authorities for denying the benefit of the duty exemption to the appellant. We find that the identical issue had been considered by the Larger Bench of this Tribunal in the case Hico Enterprises (supra), holding that endorsement of valid licence by the competent authority i. .....

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