https://www.taxtmi.com/caselaws?id=247901 A transferee using DEPB scrips later found to be forged or fraudulently obtained cannot claim bona fide purchaser protection, and duty remained recoverable because a benefit derived from a non-genuine document cannot be retained. The extended limitation period under customs law also applied, as fraud, collusion, wilful misstatement or suppression was attributable to the tainted scrips and was not cured by transfer. Redemption fine was not sustained where the goods were not physically available for confiscation and no bond had been executed. en-us Tue, 10 Dec 2013 00:00:00 +0530 Mon, 26 May 2014 16:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247901 A transferee using DEPB scrips later found to be forged or fraudulently obtained cannot claim bona fide purchaser protection, and duty remained recoverable because a benefit derived from a non-genuine document cannot be retained. The extended limitation period under customs law also applied, as fraud, collusion, wilful misstatement or suppression was attributable to the tainted scrips and was not cured by transfer. Redemption fine was not sustained where the goods were not physically available for confiscation and no bond had been executed. Case-Laws Customs Tue, 10 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247901