DEPB scrips issued by DGFT cannot be held void by DRI: CESTAT Delhi

Pankaj Chordia Vs Commissioner of Customs (CESTAT Delhi) CESTAT Delhi held that the DEPB scrips issued by the DGFT cannot be held ab initio null and void by the DRI or any other Customs Officers. Accordingly, confirmation of the demand under section 125(2) of the Customs Act, 1962 in the impugned order is without any authority of law. Facts- DRI received intelligence that Shri Pawan Kumar Sharma and Shri Ajay Sharma of M/s J. Minakshi International, M/s JAY ESS International and Ms. J. Kanishka International were misusing export promotion schemes, namely, drawback and DEPB by filing false dec...