https://www.taxtmi.com/caselaws?id=760244 CESTAT Ahmedabad set aside duty demand and penalty against importer who was bona fide transferee of DGFT license. The appellant purchased license from broker after due verification including IEC verification, license details from DGFT website, and customs clearance checks. Original license holder committed fraudulent exports, but no evidence showed appellant's knowledge of fraud. Court held extended limitation period under Section 28(1) proviso inapplicable to bona fide transferee, making demand time-barred. Duty recovery should be from original license holder, not innocent transferee. Appeal allowed, impugned order set aside. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:14:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760244 CESTAT Ahmedabad set aside duty demand and penalty against importer who was bona fide transferee of DGFT license. The appellant purchased license from broker after due verification including IEC verification, license details from DGFT website, and customs clearance checks. Original license holder committed fraudulent exports, but no evidence showed appellant's knowledge of fraud. Court held extended limitation period under Section 28(1) proviso inapplicable to bona fide transferee, making demand time-barred. Duty recovery should be from original license holder, not innocent transferee. Appeal allowed, impugned order set aside. Case-Laws Customs Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760244