https://www.taxtmi.com/caselaws?id=340126 The Tribunal set aside the impugned order, ruling in favor of the appellants. It held that the denial of DFIA benefits, confiscation of goods, and imposition of penalties were not justified. The Tribunal emphasized the flexibility of DFIA licenses with transferability endorsements and rejected allegations of fraud and suppression. It found the invocation of the extended period for demand unsustainable due to lack of evidence of fraud or suppression. The appeals were allowed, and the Tribunal highlighted the binding nature of previous judgments and orders on the revenue. en-us Thu, 09 Feb 2017 00:00:00 +0530 Thu, 16 Mar 2017 07:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340126 The Tribunal set aside the impugned order, ruling in favor of the appellants. It held that the denial of DFIA benefits, confiscation of goods, and imposition of penalties were not justified. The Tribunal emphasized the flexibility of DFIA licenses with transferability endorsements and rejected allegations of fraud and suppression. It found the invocation of the extended period for demand unsustainable due to lack of evidence of fraud or suppression. The appeals were allowed, and the Tribunal highlighted the binding nature of previous judgments and orders on the revenue. Case-Laws Customs Thu, 09 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340126