https://www.taxtmi.com/caselaws?id=119146 The Appellate Tribunal CESTAT, New Delhi, allowed the appeal, granting relief to the appellant. The Tribunal concluded that the appellant, a bona fide purchaser of DEPB Scrips, was not liable for duty payment as the imports were made under valid licenses. The Tribunal found no evidence of mala fide intent or knowledge of fraud by the appellant. Additionally, the Tribunal determined that the demands were barred by limitation, as the show cause notices were issued after a significant delay without evidence of duty evasion intent. The decision emphasized the importance of valid licenses and adherence to statutory limitations in customs matters. en-us Tue, 18 Apr 2006 00:00:00 +0530 Sat, 09 Mar 2024 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119146 The Appellate Tribunal CESTAT, New Delhi, allowed the appeal, granting relief to the appellant. The Tribunal concluded that the appellant, a bona fide purchaser of DEPB Scrips, was not liable for duty payment as the imports were made under valid licenses. The Tribunal found no evidence of mala fide intent or knowledge of fraud by the appellant. Additionally, the Tribunal determined that the demands were barred by limitation, as the show cause notices were issued after a significant delay without evidence of duty evasion intent. The decision emphasized the importance of valid licenses and adherence to statutory limitations in customs matters. Case-Laws Customs Tue, 18 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119146