https://www.taxtmi.com/caselaws?id=372189 The Tribunal dismissed the appeal and upheld the Commissioner's order, affirming the demand for customs duty based on the forged DEPB licenses. It emphasized the ab initio void nature of the licenses and the department's right to recover lost revenue, despite the appellants' good faith actions in purchasing the licenses from a genuine broker. The judgment highlighted that goods imported under forged licenses are subject to customs duty, rejecting the argument that the delay in finalizing provisional assessment should prevent revenue recovery. en-us Thu, 06 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372189 The Tribunal dismissed the appeal and upheld the Commissioner's order, affirming the demand for customs duty based on the forged DEPB licenses. It emphasized the ab initio void nature of the licenses and the department's right to recover lost revenue, despite the appellants' good faith actions in purchasing the licenses from a genuine broker. The judgment highlighted that goods imported under forged licenses are subject to customs duty, rejecting the argument that the delay in finalizing provisional assessment should prevent revenue recovery. Case-Laws Customs Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372189