https://www.taxtmi.com/caselaws?id=786147 Transferable duty credit scrips and licences validly issued and subsisting on the date of import confer duty-exemption rights on a bona fide transferee, even if the original licence holder obtained them by fraud; forged or non-issued scrips have no legal existence and cannot support exemption. The licensing authority's prior recognition and subjective verification of the exporter are relevant to validity. Applied precedent confirms these principles and the adjudged duty demands were set aside, resulting in allowance of the appeals in favour of the appellants. en-us Mon, 02 Feb 2026 00:00:00 +0530 Thu, 05 Feb 2026 11:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786147 Transferable duty credit scrips and licences validly issued and subsisting on the date of import confer duty-exemption rights on a bona fide transferee, even if the original licence holder obtained them by fraud; forged or non-issued scrips have no legal existence and cannot support exemption. The licensing authority's prior recognition and subjective verification of the exporter are relevant to validity. Applied precedent confirms these principles and the adjudged duty demands were set aside, resulting in allowance of the appeals in favour of the appellants. Case-Laws Customs Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786147