https://www.taxtmi.com/caselaws?id=234812 A DEPB scrip issued by the competent authority remained effective until cancellation, so an importer who acquired and used it before cancellation could rely on its validity where no knowledge of the exporter's fraud was shown. On those facts, the transferee was treated as holding good title, and the case was distinguished from forged or non-existent scrip situations. Accordingly, duty demand, confiscation and redemption fine were not sustainable against the transferee importer. en-us Wed, 20 Mar 2013 00:00:00 +0530 Sat, 09 Nov 2013 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234812 A DEPB scrip issued by the competent authority remained effective until cancellation, so an importer who acquired and used it before cancellation could rely on its validity where no knowledge of the exporter's fraud was shown. On those facts, the transferee was treated as holding good title, and the case was distinguished from forged or non-existent scrip situations. Accordingly, duty demand, confiscation and redemption fine were not sustainable against the transferee importer. Case-Laws Customs Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234812