https://www.taxtmi.com/caselaws?id=332461 The court allowed the appeals in favor of the assessee, emphasizing that liability should not be imposed on a bona fide purchaser of a Duty Entitlement Passbook (DEPB) who was not involved in the fraud committed by the exporter. The court found no evidence of the appellant's involvement in the fraud and set aside the penalty, relying on precedent cases. As a result, the demand against the appellant was deemed unsustainable, and the impugned order was held to be contrary to the record. en-us Wed, 07 Sep 2016 00:00:00 +0530 Wed, 04 Jan 2017 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332461 The court allowed the appeals in favor of the assessee, emphasizing that liability should not be imposed on a bona fide purchaser of a Duty Entitlement Passbook (DEPB) who was not involved in the fraud committed by the exporter. The court found no evidence of the appellant's involvement in the fraud and set aside the penalty, relying on precedent cases. As a result, the demand against the appellant was deemed unsustainable, and the impugned order was held to be contrary to the record. Case-Laws Customs Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332461