https://www.taxtmi.com/caselaws?id=334735 A DEPB scrip obtained through forged shipping bills and forged BRCs cannot confer a valid customs exemption on a purchaser, because a licence or scrip rooted in fraud is not protected by bona fide purchase principles. The importer's duty demand, confiscation and related penalty were therefore sustained. By contrast, penalty on the person who procured the scrips by submitting the forged documents was set aside, as the alleged misconduct occurred at the pre-import stage and concerned procurement of the licence before the DGFT rather than a customs infraction. en-us Mon, 17 Oct 2016 00:00:00 +0530 Mon, 12 Dec 2016 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334735 A DEPB scrip obtained through forged shipping bills and forged BRCs cannot confer a valid customs exemption on a purchaser, because a licence or scrip rooted in fraud is not protected by bona fide purchase principles. The importer's duty demand, confiscation and related penalty were therefore sustained. By contrast, penalty on the person who procured the scrips by submitting the forged documents was set aside, as the alleged misconduct occurred at the pre-import stage and concerned procurement of the licence before the DGFT rather than a customs infraction. Case-Laws Customs Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334735