https://www.taxtmi.com/caselaws?id=51564 Whether importer was entitled to exemption under Notification No.34/97-Cus: DEPB scrips were found to be forged and therefore null and void ab initio; no right or credit could accrue therefrom and the paramount condition of the notification was unfulfilled - duty demand confirmed and upheld by CEGAT. Whether penalty under s.114A was correctly imposed: finding of liability to confiscation under s.111(o) does not furnish a ground for imposing s.114A penalty, notwithstanding adjudicating findings of complicity - s.114A penalty set aside. Interest under s.28AA: SCNs under s.28(1) and confirmation under s.28(2) render appellants liable to pay interest from 25-8-2000 until payment - interest obligation affirmed. The question under s.125 as to redemption was noted as not examined. en-us Thu, 26 Sep 2002 00:00:00 +0530 Wed, 14 Jan 2026 14:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51564 Whether importer was entitled to exemption under Notification No.34/97-Cus: DEPB scrips were found to be forged and therefore null and void ab initio; no right or credit could accrue therefrom and the paramount condition of the notification was unfulfilled - duty demand confirmed and upheld by CEGAT. Whether penalty under s.114A was correctly imposed: finding of liability to confiscation under s.111(o) does not furnish a ground for imposing s.114A penalty, notwithstanding adjudicating findings of complicity - s.114A penalty set aside. Interest under s.28AA: SCNs under s.28(1) and confirmation under s.28(2) render appellants liable to pay interest from 25-8-2000 until payment - interest obligation affirmed. The question under s.125 as to redemption was noted as not examined. Case-Laws Customs Thu, 26 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51564