https://www.taxtmi.com/caselaws?id=43747 Payment on genuine Exim Scrips could not be withheld merely because earlier amounts had been received against cancelled scrips issued to other exporters, since the scheme was aimed at speedy negotiation of transferable incentive instruments and the present claims involved no fraud or irregularity. No statutory, contractual, or scheme-based authority was shown to permit adjustment or set-off of alleged recoveries from bogus scrips against later bona fide claims, and an undertaking linked to the earlier scrips did not extend to defeating the subsequent genuine claims. The administration could pursue recovery of amounts already paid on the cancelled scrips through available remedies, but it had to honour the valid scrip claims. en-us Wed, 22 Dec 1993 00:00:00 +0530 Sat, 19 Jun 2010 17:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43747 Payment on genuine Exim Scrips could not be withheld merely because earlier amounts had been received against cancelled scrips issued to other exporters, since the scheme was aimed at speedy negotiation of transferable incentive instruments and the present claims involved no fraud or irregularity. No statutory, contractual, or scheme-based authority was shown to permit adjustment or set-off of alleged recoveries from bogus scrips against later bona fide claims, and an undertaking linked to the earlier scrips did not extend to defeating the subsequent genuine claims. The administration could pursue recovery of amounts already paid on the cancelled scrips through available remedies, but it had to honour the valid scrip claims. Case-Laws Customs Wed, 22 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43747