https://www.taxtmi.com/caselaws?id=117309 The Tribunal dismissed the appellants' request for a complete waiver of pre-deposit and stay of the impugned order, emphasizing the fraudulent nature of the DEPB scrips and the applicability of the extended period of limitation for recovery of duty. The appellants were directed to make a pre-deposit of Rs. 8 lakhs, failing which the appeal would be dismissed. The Tribunal's decision underscored the principle that fraud nullifies everything and that the liability to pay import duty rests with the importer, even if they were not directly involved in the fraud. en-us Tue, 18 Oct 2005 00:00:00 +0530 Thu, 21 Jun 2012 16:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117309 The Tribunal dismissed the appellants' request for a complete waiver of pre-deposit and stay of the impugned order, emphasizing the fraudulent nature of the DEPB scrips and the applicability of the extended period of limitation for recovery of duty. The appellants were directed to make a pre-deposit of Rs. 8 lakhs, failing which the appeal would be dismissed. The Tribunal's decision underscored the principle that fraud nullifies everything and that the liability to pay import duty rests with the importer, even if they were not directly involved in the fraud. Case-Laws Customs Tue, 18 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117309