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2014 (1) TMI 1390 - AT - CustomsPenalty u/s under Section 112 (a) - Forged license of DEPB - Held that:- in this case, DEPB forged licences were detected, details of transactions are available, the purchaser and brokers are identified, only the dealers who traded DEPB licences are not identified - the question as to who played the main role is irrelevant for the reason that once the case is settled by the Settlement Commission, it is settled in its entirety and such a case then cannot be adjudicated qua other co noticees. The case against all co-noticees comes to an end once the order of settlement is passed in respect of the person entitled to file an application before the Settlement Commission and therefore penalty imposed upon the appellants cannot be sustained and is set aside - Decided in favour of assessee.
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