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2013 (2) TMI 420 - AT - CustomsWaiver of pre-deposit - Purchase of fraudulent DEPB scrips - Section 129E of the Customs Act. - Used to discharge the duty liabilities at the time of clearance of the goods - Applicants are involved in import against the fraudulent DEPB scrips obtained by them from one of the broker namely V. Sankaran - Applicant contended that the applicants except V. Sankaran are bonafide purchasers of DEPB scrips and they were not involved in purchase of fraudulent or fake DEPB scrips Held that:- As regards V. Sankaran, we find that it is a case of fraud played by V. Sankaran actively in the matter. Therefore, direct V. Sankaran to make a predeposit of 50% of the penalty amounts confirmed against him And direct the other applicants to predeposit the amount of duty confirmed less already paid.
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