https://www.taxtmi.com/caselaws?id=121396 The Tribunal upheld the imposition of penalties on the appellants for their active involvement in obtaining DEPB licenses fraudulently. The judgment emphasized the appellants' direct participation in the forgery scheme, rejecting their claim as innocent transferees. Referring to a High Court decision, the Tribunal affirmed that those actively engaged in fraud must be held responsible, distinguishing them from innocent parties. Consequently, all appeals contesting penalties under Section 112 of the Customs Act were dismissed, affirming the accountability of the appellants for their role in the fraudulent acquisition of DEPB licenses. en-us Thu, 05 Apr 2007 00:00:00 +0530 Mon, 30 Jul 2012 13:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121396 The Tribunal upheld the imposition of penalties on the appellants for their active involvement in obtaining DEPB licenses fraudulently. The judgment emphasized the appellants' direct participation in the forgery scheme, rejecting their claim as innocent transferees. Referring to a High Court decision, the Tribunal affirmed that those actively engaged in fraud must be held responsible, distinguishing them from innocent parties. Consequently, all appeals contesting penalties under Section 112 of the Customs Act were dismissed, affirming the accountability of the appellants for their role in the fraudulent acquisition of DEPB licenses. Case-Laws Customs Thu, 05 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121396