https://www.taxtmi.com/caselaws?id=238548 The tribunal upheld the recovery of customs duty and interest, imposition of fines and penalties, and confirmed findings of fraud and misrepresentation against the appellant company for mis-declaring exported goods to gain undue DEPB benefits. Customs authorities were deemed to have jurisdiction over DEPB issues, and subsequent amendments to the DEPB schedule were not applied retrospectively. The penalties imposed on the company and its Vice President were reduced. The tribunal emphasized that fraud nullifies transactions and revenue must be restored, affirming that fraud and justice cannot coexist. 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 The tribunal upheld the recovery of customs duty and interest, imposition of fines and penalties, and confirmed findings of fraud and misrepresentation against the appellant company for mis-declaring exported goods to gain undue DEPB benefits. Customs authorities were deemed to have jurisdiction over DEPB issues, and subsequent amendments to the DEPB schedule were not applied retrospectively. The penalties imposed on the company and its Vice President were reduced. The tribunal emphasized that fraud nullifies transactions and revenue must be restored, affirming that fraud and justice cannot coexist. Case-Laws Customs Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238548