https://www.taxtmi.com/caselaws?id=33083 SC held the SILs were forged and, as fraud was established, the documents are treated as non-existent for legal purposes. The court found CESTAT failed to examine whether the buyer made requisite enquiries into genuineness and improperly declined to treat forgery as sufficient to extend limitation or to deny exemption. Applying caveat emptor, the court held the purchaser must show due diligence; absence thereof attracts consequences. Fraud therefore justified extending the limitation period and denying benefit of the exemption. The appeal was allowed. en-us Mon, 16 Feb 2009 00:00:00 +0530 Mon, 23 Feb 2026 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33083 SC held the SILs were forged and, as fraud was established, the documents are treated as non-existent for legal purposes. The court found CESTAT failed to examine whether the buyer made requisite enquiries into genuineness and improperly declined to treat forgery as sufficient to extend limitation or to deny exemption. Applying caveat emptor, the court held the purchaser must show due diligence; absence thereof attracts consequences. Fraud therefore justified extending the limitation period and denying benefit of the exemption. The appeal was allowed. Case-Laws Customs Mon, 16 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33083