https://www.taxtmi.com/caselaws?id=761155 HC upheld CESTAT's decision confirming customs duty demands and penalties against importers and traders using forged DEPB scrips and TRAs. Court found conclusive evidence of fabricated documents establishing fraud, making duty liability unavoidable regardless of claimed lack of collusion. However, HC restored 50% penalty on importers after CESTAT had deleted it entirely, aligning with penalties imposed on brokers/traders. Court rejected appellants' claim for settlement benefits available to co-noticees, ruling that Settlement Commission orders apply only to specific declarants who approached the Commission, not all co-noticees in common proceedings. en-us Wed, 30 Oct 2024 00:00:00 +0530 Wed, 06 Nov 2024 08:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761155 HC upheld CESTAT's decision confirming customs duty demands and penalties against importers and traders using forged DEPB scrips and TRAs. Court found conclusive evidence of fabricated documents establishing fraud, making duty liability unavoidable regardless of claimed lack of collusion. However, HC restored 50% penalty on importers after CESTAT had deleted it entirely, aligning with penalties imposed on brokers/traders. Court rejected appellants' claim for settlement benefits available to co-noticees, ruling that Settlement Commission orders apply only to specific declarants who approached the Commission, not all co-noticees in common proceedings. Case-Laws Customs Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761155