https://www.taxtmi.com/caselaws?id=796934 Use of forged DEPB scrips and Transfer Release Advices for nil-duty import clearance renders the documents void from inception and constitutes a positive misstatement. Fraud, collusion, wilful misstatement or suppression supporting extended-period duty recovery also satisfy the conditions for mandatory penalty equal to duty under Section 114A where the importer fails to establish reasonable due diligence. The statutory provisos allow reduction of that penalty to 25% if the prescribed payments are made within 30 days of communication of the order; this concession applies where timely compliance is established and uncontested. en-us Thu, 06 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796934 Use of forged DEPB scrips and Transfer Release Advices for nil-duty import clearance renders the documents void from inception and constitutes a positive misstatement. Fraud, collusion, wilful misstatement or suppression supporting extended-period duty recovery also satisfy the conditions for mandatory penalty equal to duty under Section 114A where the importer fails to establish reasonable due diligence. The statutory provisos allow reduction of that penalty to 25% if the prescribed payments are made within 30 days of communication of the order; this concession applies where timely compliance is established and uncontested. Case-Laws Customs Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796934