https://www.taxtmi.com/caselaws?id=271682 The Tribunal upheld the demand of Rs. 95,29,591 under Section 28(1) of the Customs Act, confirming the clearance of goods using forged DEPB licenses. The penalty of Rs. 50,000 was waived, but the appeal was otherwise dismissed. The Tribunal relied on Supreme Court decisions emphasizing that fraud vitiates transactions and buyers must verify license authenticity. The appellants' failure to verify the licenses' genuineness justified the extended limitation period for duty demand. en-us Thu, 11 Jun 2015 00:00:00 +0530 Thu, 15 Dec 2016 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271682 The Tribunal upheld the demand of Rs. 95,29,591 under Section 28(1) of the Customs Act, confirming the clearance of goods using forged DEPB licenses. The penalty of Rs. 50,000 was waived, but the appeal was otherwise dismissed. The Tribunal relied on Supreme Court decisions emphasizing that fraud vitiates transactions and buyers must verify license authenticity. The appellants' failure to verify the licenses' genuineness justified the extended limitation period for duty demand. Case-Laws Customs Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271682