https://www.taxtmi.com/caselaws?id=268215 The Tribunal allowed the appeals filed by the appellants, setting aside the demand of duty, interest, and penalties. It emphasized protecting the rights of bona fide purchasers of DEPB scrips. The Tribunal held that the appellants, who purchased the DEPB scrips from the open market, were not liable for the fraudulent activities of M/s. Trisuns. The extended period of limitation under Section 28 of the Customs Act, 1962, was deemed inapplicable to the appellants as they were not involved in any fraud or willful misstatement. en-us Thu, 13 Aug 2015 00:00:00 +0530 Mon, 23 Nov 2015 01:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268215 The Tribunal allowed the appeals filed by the appellants, setting aside the demand of duty, interest, and penalties. It emphasized protecting the rights of bona fide purchasers of DEPB scrips. The Tribunal held that the appellants, who purchased the DEPB scrips from the open market, were not liable for the fraudulent activities of M/s. Trisuns. The extended period of limitation under Section 28 of the Customs Act, 1962, was deemed inapplicable to the appellants as they were not involved in any fraud or willful misstatement. Case-Laws Customs Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268215