Penalties u/ss 114A and 114AA for Focus Product Scheme license fraud set aside due to buyer's due diligence.

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....Penalty u/s 114A and 114AA - Focus product scheme - licence issued against the fake shipping bills - the appellant was vigilant as per the maxim EX ALUN DANTI CAUTELA - appellants have purchased the licence from the market for import of the goods being the vigilant buyer - penalties set aside - AT....