https://www.taxtmi.com/caselaws?id=341049 The tribunal dismissed the appeal, upholding duty liability on importers for utilizing duty exemption scrips obtained fraudulently. The decision emphasized the significance of genuine acquisition of scrips to avoid penalties under Customs Act sections 111 and 112. Despite sympathies for innocent parties, a uniform approach was deemed necessary. The matter was referred to the Hon'ble President to constitute a Larger Bench for a final decision on whether fraudulent scrips should lead to penalty imposition on importers. en-us Wed, 08 Mar 2017 00:00:00 +0530 Tue, 14 Nov 2017 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341049 The tribunal dismissed the appeal, upholding duty liability on importers for utilizing duty exemption scrips obtained fraudulently. The decision emphasized the significance of genuine acquisition of scrips to avoid penalties under Customs Act sections 111 and 112. Despite sympathies for innocent parties, a uniform approach was deemed necessary. The matter was referred to the Hon'ble President to constitute a Larger Bench for a final decision on whether fraudulent scrips should lead to penalty imposition on importers. Case-Laws Customs Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341049