https://www.taxtmi.com/caselaws?id=233798 Fraudulent use of fake, forged and fabricated DEPB scrips and TRAs defeated the importers' claim to customs exemption, so duty and interest were sustained and the extended period of limitation was validly invoked. Traders, brokers and sub-brokers who actively facilitated circulation of the false instruments were treated as conscious participants in the scheme and were liable to penalty, though penalties were reduced in some cases. Settlement orders obtained by other parties did not extend immunity or parity to non-settling appellants independently found involved in the fraud. The Tribunal therefore upheld the principal demands and penal liability, granting only limited relief on penalty quantum in specified cases. en-us Thu, 14 Jun 2012 00:00:00 +0530 Thu, 16 May 2013 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233798 Fraudulent use of fake, forged and fabricated DEPB scrips and TRAs defeated the importers' claim to customs exemption, so duty and interest were sustained and the extended period of limitation was validly invoked. Traders, brokers and sub-brokers who actively facilitated circulation of the false instruments were treated as conscious participants in the scheme and were liable to penalty, though penalties were reduced in some cases. Settlement orders obtained by other parties did not extend immunity or parity to non-settling appellants independently found involved in the fraud. The Tribunal therefore upheld the principal demands and penal liability, granting only limited relief on penalty quantum in specified cases. Case-Laws Customs Thu, 14 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233798