https://www.taxtmi.com/caselaws?id=785486 Validity of transferred import licences and scrips requires distinguishing forged instruments from legitimately issued but fraudulently obtained licences. Forged scrips constitute no licence and are void ab initio, rendering imports under them not lawful; this consequence follows immediately. Licences legitimately issued but procured by fraud are voidable and remain effective in favour of innocent transferees until the competent licensing authority formally cancels them; this determines transferee protection and relief. Reliance on binding Supreme Court precedents informs these principles and dictates setting aside demands based on mere fraudulently obtained but uncancelled licences. en-us Thu, 22 Jan 2026 00:00:00 +0530 Sat, 24 Jan 2026 08:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785486 Validity of transferred import licences and scrips requires distinguishing forged instruments from legitimately issued but fraudulently obtained licences. Forged scrips constitute no licence and are void ab initio, rendering imports under them not lawful; this consequence follows immediately. Licences legitimately issued but procured by fraud are voidable and remain effective in favour of innocent transferees until the competent licensing authority formally cancels them; this determines transferee protection and relief. Reliance on binding Supreme Court precedents informs these principles and dictates setting aside demands based on mere fraudulently obtained but uncancelled licences. Case-Laws Customs Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785486