DEPB Benefit Cannot Be Denied to Innocent Transferee Importer: CESTAT Chennai

India Cements Ltd Vs Commissioner of Customs (CESTAT Chennai) DEPB benefit to innocent transferee importer not deniable as fraudulently obtained scrip not cancelled at time of import CESTAT Chennai held that denial of DEPB scrip benefit to innocent transferee importers of fraudulently obtained licence by original licence holder not justifiable since licence was not cancelled by appropriate authority at the time of import of goods. Accordingly, order set aside and appeal allowed. Facts- CEEAN Commerce (P) Ltd, Kolkata filed 399 Export Bills for ‘alloy steel forging’ under the DEPB scheme, d...