https://www.taxtmi.com/caselaws?id=272026 The High Court upheld the Tribunal's decision that the extended period of limitation could not be invoked in a case involving fraudulently obtained DEPB scrips. The importer, not party to the fraud, was found not liable for duty, interest, and penalties beyond statutory limitations. The Tribunal ruled that the importer had acted in good faith based on valid DEPB scrips at the time of import, and the cancellation of the scrips in 2004 did not retroactively affect the importer's actions. The appeal was rejected, affirming the Tribunal's decision on the importer's liability. en-us Thu, 11 Feb 2016 00:00:00 +0530 Sat, 05 Nov 2016 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272026 The High Court upheld the Tribunal's decision that the extended period of limitation could not be invoked in a case involving fraudulently obtained DEPB scrips. The importer, not party to the fraud, was found not liable for duty, interest, and penalties beyond statutory limitations. The Tribunal ruled that the importer had acted in good faith based on valid DEPB scrips at the time of import, and the cancellation of the scrips in 2004 did not retroactively affect the importer's actions. The appeal was rejected, affirming the Tribunal's decision on the importer's liability. Case-Laws Customs Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272026