https://www.taxtmi.com/caselaws?id=786248 Validity of duty free licences and scrips turns on their status at the time of import: where a DGFT issued scrip was valid at import but later cancelled due to earlier misrepresentation by the original exporter, customs must honour the licence and cannot raise demands; interest and penalties do not survive. By contrast, imports made on forged licences permit confiscation and permit invocation of the extended limitation period. The distinction between scrips obtained by misrepresentation and forged scrips is decisive for relief; consequential relief follows where honouring the licence removes the basis for demand. en-us Tue, 09 Sep 2025 00:00:00 +0530 Tue, 10 Feb 2026 07:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786248 Validity of duty free licences and scrips turns on their status at the time of import: where a DGFT issued scrip was valid at import but later cancelled due to earlier misrepresentation by the original exporter, customs must honour the licence and cannot raise demands; interest and penalties do not survive. By contrast, imports made on forged licences permit confiscation and permit invocation of the extended limitation period. The distinction between scrips obtained by misrepresentation and forged scrips is decisive for relief; consequential relief follows where honouring the licence removes the basis for demand. Case-Laws Customs Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786248