Case Law Details
Case Name : Sumit Wool Processors Vs Commissioner of Customs (Import) / (Export) (CESTAT Mumbai)
Related Assessment Year :
Courts :
All CESTAT CESTAT Mumbai
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Urvashi Porwal
Brief of the Case
In the case of Sumit Wool Processors vs. Commissioner of Customs (Import) / (Export) it was held that it is a settled law that even a license obtained by fraud or mis-representation of facts is only voidable and not void ab-initio. It is good in law until it is avoided. Thus even a license obtained by fraud or mis-representation is valid in law until such time that it is cancelled by the licensing authority. Therefore no recovery can be made from a bonafide purchaser of the scrip.
Brief facts of the Case
The Directorate of Revenue Intelligence (DRI) investigate...
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