https://www.taxtmi.com/caselaws?id=419967 The Tribunal set aside the demand of duty and penalty on the appellants, finding them to be bona fide purchasers of valid DFIA licenses. It held that the extended period for issuing a show cause notice was not applicable due to lack of evidence of collusion or suppression of facts. Additionally, the Tribunal determined that the show cause notice issued by the DRI was without jurisdiction and that the demand was time-barred. Consequently, the appeals were allowed on merits. en-us Tue, 22 Mar 2022 00:00:00 +0530 Thu, 31 Mar 2022 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419967 The Tribunal set aside the demand of duty and penalty on the appellants, finding them to be bona fide purchasers of valid DFIA licenses. It held that the extended period for issuing a show cause notice was not applicable due to lack of evidence of collusion or suppression of facts. Additionally, the Tribunal determined that the show cause notice issued by the DRI was without jurisdiction and that the demand was time-barred. Consequently, the appeals were allowed on merits. Case-Laws Customs Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419967