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2015 (2) TMI 463 - AT - CustomsUtilization of DEPB credit - Misrepresentation of facts - Respondent has denied any knowledge of the fraudulent activities of the said exporter; that the DEPB licences were purchased from a mediator and the same were duly verified by Revenue and found to be genuine - Revenue has demanded payment of Customs duty with applicable interest in addition penalty was imposed on the respondent under the provisions of the Customs Act, 1962 - Held that:- Following decision of M/s Friends Trading Co. [2011 (2) TMI 382 - PUNJAB & HARYANA HIGH COURT] - Decided in favour of assessee.
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