https://www.taxtmi.com/caselaws?id=202313 The Tribunal upheld the applicability of the extended 5-year period under Section 28 of the Customs Act when DEPB licenses were found to be fraudulent. It held that the importer is liable to pay duty even if the licenses were valid at the time of import but later cancelled due to fraud. Goods imported under fraudulently obtained DEPB licenses were confiscated. The Tribunal rejected the application of promissory estoppel in such cases. Penalties on individuals associated with fraudulent export were upheld due to non-prosecution. The majority decision set aside the impugned order, allowing the appeals with consequential relief. en-us Tue, 11 Nov 2008 00:00:00 +0530 Tue, 01 Feb 2011 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202313 The Tribunal upheld the applicability of the extended 5-year period under Section 28 of the Customs Act when DEPB licenses were found to be fraudulent. It held that the importer is liable to pay duty even if the licenses were valid at the time of import but later cancelled due to fraud. Goods imported under fraudulently obtained DEPB licenses were confiscated. The Tribunal rejected the application of promissory estoppel in such cases. Penalties on individuals associated with fraudulent export were upheld due to non-prosecution. The majority decision set aside the impugned order, allowing the appeals with consequential relief. Case-Laws Customs Tue, 11 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202313