Customs Bound by BIFR Sanctioned Scheme Waiver; Pre-Deposit Quashed: Madras HC

SMS Lifesciences India Limited Vs Director General of Foreign Trade (Madras High Court)

The Madras High Court disposed of two connected writ petitions by a common order, as they arose from the same factual background and raised overlapping legal issues. The dispute traced back to nine Advance Licences (DEEC) granted to an assessee for duty-free import of antibiotic chemicals under Customs Notification No. 149/1995, subject to fulfilment of export obligations. Upon inspection, the Directorate of Revenue Intelligence found discrepancies in the description of imported

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