https://www.taxtmi.com/caselaws?id=207315 Fraudulently obtained DEPB scrips do not support customs duty exemption where the underlying shipping bills were forged and substituted, rendering the scrips void ab initio. A transferee who purchases such scrips from the market without inquiry into their genuineness cannot claim innocent transferee protection or establish bona fides. The commentary also notes that fraud unravels all and justifies invocation of the extended limitation period under Section 28 of the Customs Act, 1962. The stated effect is that duty benefit under the DEPB scheme is unavailable on the basis of void scrips and the revenue demand remains sustainable. en-us Fri, 08 Oct 2010 00:00:00 +0530 Wed, 07 Dec 2011 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207315 Fraudulently obtained DEPB scrips do not support customs duty exemption where the underlying shipping bills were forged and substituted, rendering the scrips void ab initio. A transferee who purchases such scrips from the market without inquiry into their genuineness cannot claim innocent transferee protection or establish bona fides. The commentary also notes that fraud unravels all and justifies invocation of the extended limitation period under Section 28 of the Customs Act, 1962. The stated effect is that duty benefit under the DEPB scheme is unavailable on the basis of void scrips and the revenue demand remains sustainable. Case-Laws Customs Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207315