https://www.taxtmi.com/caselaws?id=776970 CESTAT CHENNAI - AT held that scrips/licences issued to an original licence holder, though procured by misstatement or misrepresentation and subsequently sold to innocent transferee importers, remain usable to pay or claim customs duty exemption at import if the licensing authority had not cancelled the licence before import. The tribunal rejected application of a blanket "fraud vitiates everything" rule in this context, ruled that consequences flowing from alleged fraud did not survive where cancellation had not occurred, set aside the impugned order, and allowed the appeal, including disallowance of related duty, interest and penalty demands. en-us Thu, 21 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776970 CESTAT CHENNAI - AT held that scrips/licences issued to an original licence holder, though procured by misstatement or misrepresentation and subsequently sold to innocent transferee importers, remain usable to pay or claim customs duty exemption at import if the licensing authority had not cancelled the licence before import. The tribunal rejected application of a blanket "fraud vitiates everything" rule in this context, ruled that consequences flowing from alleged fraud did not survive where cancellation had not occurred, set aside the impugned order, and allowed the appeal, including disallowance of related duty, interest and penalty demands. Case-Laws Customs Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776970