https://www.taxtmi.com/caselaws?id=48093 The High Court upheld the Tribunal's decision to grant relief to the respondent in a customs case involving the cancellation of a Duty Exemption Pass Book (DEPB) obtained fraudulently. The Court found that the respondent acted in good faith, purchased the DEPB legitimately, and utilized it before its cancellation, absolving them from penalty. Emphasizing the importance of good faith transactions, the Court dismissed the revenue's appeal, noting the expiration of the notice period under the Customs Act and the respondent's lack of involvement in the fraud. en-us Tue, 03 Apr 2007 00:00:00 +0530 Tue, 16 Jan 2018 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48093 The High Court upheld the Tribunal's decision to grant relief to the respondent in a customs case involving the cancellation of a Duty Exemption Pass Book (DEPB) obtained fraudulently. The Court found that the respondent acted in good faith, purchased the DEPB legitimately, and utilized it before its cancellation, absolving them from penalty. Emphasizing the importance of good faith transactions, the Court dismissed the revenue's appeal, noting the expiration of the notice period under the Customs Act and the respondent's lack of involvement in the fraud. Case-Laws Customs Tue, 03 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48093