TMI Blog2003 (10) TMI 55X X X X Extracts X X X X X X X X Extracts X X X X ..... Writ of Mandamus directing the first respondent to release the bank guarantee furnished by the petitioner in respect of imports made against the Value Based Advance Licences as sought for in their letter dated 17-3-1999. 3.The petitioner is a manufacturer of quartz analog watches and is an exporter of the same, has imported several items as per the Export-Import Policy 1992-97. The petitioner ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rn of the bank guarantee. Since the matter remained pending, the present writ petition has been filed. 4.A counter affidavit has been filed on behalf of the first respondent wherein it is indicated that the first respondent has taken action in accordance with Paragraph 109D of the policy and the matter is still under consideration, as several correspondences have been made with the Director Gene ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T. 303 (Mad.)], wherein it was observed as follows :- "I carefully considered the contention of both the Counsel. The petitioner is only a purchaser of the import licence from the original licensee. The original importer has imported the material goods as per the original licence and complied with the obligation of the export. In the original licence there is no specification of the thickness o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the discharge of the obligation of exports, are not bound to establish the nexus." 7.Similar view has been expressed in a Division Bench decision of this Court in Union of India v. Oceanic Export Corporation [2000 (116) E.L.T. 19 (Mad.)]. 8.From the aforesaid decisions, it becomes clear that once export obligation has been met, it is not for the customs authority to insist for the nexus in r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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