https://www.taxtmi.com/caselaws?id=238548 False description of exported monitors as CRT Data Display Monitors was found established on the basis of technical material, statements and website specifications, showing the goods were VGA, XGA or SXGA colour monitors. The DEPB credit obtained on that basis was held unavailable, and recovery of duty with interest was sustained in principle; the fraudulent misdescription also supported invocation of the extended period. A later public notice amending the DEPB entry was treated as prospective, not retrospective, so it could not validate past exports. Redemption fine on goods already exported was set aside, while the penalties were reduced. en-us Wed, 09 Oct 2013 00:00:00 +0530 Tue, 18 Nov 2014 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238548 False description of exported monitors as CRT Data Display Monitors was found established on the basis of technical material, statements and website specifications, showing the goods were VGA, XGA or SXGA colour monitors. The DEPB credit obtained on that basis was held unavailable, and recovery of duty with interest was sustained in principle; the fraudulent misdescription also supported invocation of the extended period. A later public notice amending the DEPB entry was treated as prospective, not retrospective, so it could not validate past exports. Redemption fine on goods already exported was set aside, while the penalties were reduced. Case-Laws Customs Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238548