TMI BlogRevocation of suspension of the respondent’s (Cotoms Broker) licence - irregular availment of IGST...Revocation of suspension of the respondent’s (Cotoms Broker) licence - irregular availment of IGST drawback and refund by using bogus manufacturing registration - in light of the unretracted admission of respondents/ CB’s G-card Holder about involvement of CB in this transaction we hold that this is a case of not merely the violation of Regulation 10(n) but a case of fraud committed by CB and fraud vitiates everything. The cardinal principal which is enshrined in section 17 of the Limitation Act is that fraud nullifies everything. - licence stands suspended - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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