https://www.taxtmi.com/caselaws?id=438064 The Tribunal allowed the appeals, finding that the validity of DEPB licenses should be determined by the DGFT, not Customs authorities. Penalties under Sections 112(a) & (b) were improperly imposed as they relate to imports, not exports. The retroactive application of Section 114AA was deemed invalid. The Customs authorities exceeded their jurisdiction by determining the validity of DEPB licenses without DGFT involvement. en-us Fri, 13 Jan 2023 00:00:00 +0530 Sun, 21 May 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438064 The Tribunal allowed the appeals, finding that the validity of DEPB licenses should be determined by the DGFT, not Customs authorities. Penalties under Sections 112(a) & (b) were improperly imposed as they relate to imports, not exports. The retroactive application of Section 114AA was deemed invalid. The Customs authorities exceeded their jurisdiction by determining the validity of DEPB licenses without DGFT involvement. Case-Laws Customs Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438064