2004 (10) TMI 515

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....er per : P.S. Bajaj, Member (J)]. -  Through the present stay application, the appellants have sought waiver of pre-deposit of the duty amount of Rs. 12,45,174/-, which has been confirmed against them under Section 111(o) of the Customs Act. The learned Counsel has contended that, the appellants purchased the DEPB Scrips from the market in a bona fide manner. According to him, the licence wa....

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....any provision of law. The argument of the learned counsel that the scrip was valid till the same was avoided by any authority, cannot be accepted for the simple reason that a void ab initio document, is no document in the eyes of law so as to pass on/transfer any valid right/interest thereunder, to any person. 3. Another argument of the learned counsel that the extended period could not be i....