https://www.taxtmi.com/caselaws?id=348001 The tribunal upheld penalties on importers and M/s Alliance Strategies Ltd (ASL) for using and fabricating forged import licenses for wireless transmitting/receiving apparatus. Importers' plea of bona fide belief was rejected, emphasizing "caveat emptor." ASL employees, including senior officials, were found involved in the forgery. The tribunal confirmed penalties under Customs Act sections 111(d), 111(m), 112, and 114AA, upholding confiscation orders. All appeals were dismissed, stressing importers' duty to verify license authenticity and the serious legal consequences of forgery in import transactions. en-us Fri, 18 Aug 2017 00:00:00 +0530 Wed, 20 Sep 2017 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348001 The tribunal upheld penalties on importers and M/s Alliance Strategies Ltd (ASL) for using and fabricating forged import licenses for wireless transmitting/receiving apparatus. Importers' plea of bona fide belief was rejected, emphasizing "caveat emptor." ASL employees, including senior officials, were found involved in the forgery. The tribunal confirmed penalties under Customs Act sections 111(d), 111(m), 112, and 114AA, upholding confiscation orders. All appeals were dismissed, stressing importers' duty to verify license authenticity and the serious legal consequences of forgery in import transactions. Case-Laws Customs Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348001