https://www.taxtmi.com/caselaws?id=115649 The Tribunal held that duty confirmation against M/s. Harikishan Overseas was not valid and confirmed duty against importers M/s. Volvo India (P) Ltd. and G.G. Photo Ltd. Penalties imposed under Sections 114 and 112 on Pankaj Soni and Ratinder Pal Singh were upheld due to DEPB License cancellation for over-invoicing. Duty liability was clarified to be on importers, not exporters transferring licenses. The cancellation of DEPB Licenses with retrospective effect was supported, and penalties were reduced based on circumstances. The judgment provided detailed reasoning and legal references for the decisions made. en-us Mon, 04 Jul 2005 00:00:00 +0530 Thu, 31 May 2012 17:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115649 The Tribunal held that duty confirmation against M/s. Harikishan Overseas was not valid and confirmed duty against importers M/s. Volvo India (P) Ltd. and G.G. Photo Ltd. Penalties imposed under Sections 114 and 112 on Pankaj Soni and Ratinder Pal Singh were upheld due to DEPB License cancellation for over-invoicing. Duty liability was clarified to be on importers, not exporters transferring licenses. The cancellation of DEPB Licenses with retrospective effect was supported, and penalties were reduced based on circumstances. The judgment provided detailed reasoning and legal references for the decisions made. Case-Laws Customs Mon, 04 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115649