https://www.taxtmi.com/caselaws?id=366594 The High Court upheld the Customs Tribunal's order denying duty exemption for Raw Silk Yarn import under a cancelled license, citing fraudulent practices and the principle that fraud vitiates every act. The appellant's argument on the limitation period and license cancellation effect was rejected, emphasizing the importance of preventing the perpetuation of fraudulent activities. The Court dismissed the appeal, emphasizing that fraudulently obtained licenses do not confer rights to successors, and legal precedents supported the decision to uphold the integrity of trade practices. en-us Thu, 16 Aug 2018 00:00:00 +0530 Tue, 03 Sep 2019 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366594 The High Court upheld the Customs Tribunal's order denying duty exemption for Raw Silk Yarn import under a cancelled license, citing fraudulent practices and the principle that fraud vitiates every act. The appellant's argument on the limitation period and license cancellation effect was rejected, emphasizing the importance of preventing the perpetuation of fraudulent activities. The Court dismissed the appeal, emphasizing that fraudulently obtained licenses do not confer rights to successors, and legal precedents supported the decision to uphold the integrity of trade practices. Case-Laws Customs Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366594