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2007 (11) TMI 221 - CESTAT, NEW DELHIPurchase of freely transferable DEPB Scripts (sic) (scrips) from the open market - scrips were procured in a fraudulent manner by the licence holder – assessee purchased them in a bona fide manner & there is nothing to suggest they colluded with the other noticees, who obtained the DEPB Scripts by fraudulent means – Comm(A) rightly rejected appeal of revenue for imposition of redemption of fine as goods were not available for confiscation – penalty u/s 112 & 114 not imposable
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