https://www.taxtmi.com/caselaws?id=118661 The Appellate Tribunal CESTAT, New Delhi, in a case concerning penalties for fraudulent activities under the DEPB scheme, found clear evidence of money laundering and racketeering. The scheme involved overvaluing exports to benefit from DEPB, with goods being re-imported under different names. The Tribunal established the roles of key parties, directing one to deposit Rs. 15 lakhs due to substantial involvement. While waiving the pre-deposit for some applicants, it ordered the specified deposit from another, emphasizing individual responsibilities and varying degrees of culpability. en-us Mon, 18 Sep 2006 00:00:00 +0530 Wed, 04 Jul 2012 18:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118661 The Appellate Tribunal CESTAT, New Delhi, in a case concerning penalties for fraudulent activities under the DEPB scheme, found clear evidence of money laundering and racketeering. The scheme involved overvaluing exports to benefit from DEPB, with goods being re-imported under different names. The Tribunal established the roles of key parties, directing one to deposit Rs. 15 lakhs due to substantial involvement. While waiving the pre-deposit for some applicants, it ordered the specified deposit from another, emphasizing individual responsibilities and varying degrees of culpability. Case-Laws Customs Mon, 18 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118661