https://www.taxtmi.com/caselaws?id=463618 CESTAT MUM held that where a DEPB scrip was presented as valid at import, exemption could not be denied even if the scrip was later found forged or obtained by fraud, relying on precedent that bona fide transferees who relied on a licence/scrip issued by the licensing authority cannot be deprived of benefits. The Tribunal also found the show-cause notice fell outside the statutory limitation as the extended period was not invoked, and accordingly set aside the demand, interest and penalty, allowing the appeal. en-us Tue, 13 May 2025 00:00:00 +0530 Mon, 27 Oct 2025 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463618 CESTAT MUM held that where a DEPB scrip was presented as valid at import, exemption could not be denied even if the scrip was later found forged or obtained by fraud, relying on precedent that bona fide transferees who relied on a licence/scrip issued by the licensing authority cannot be deprived of benefits. The Tribunal also found the show-cause notice fell outside the statutory limitation as the extended period was not invoked, and accordingly set aside the demand, interest and penalty, allowing the appeal. Case-Laws Customs Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463618