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Duty Demand Upheld for Fake DEPB Scrips; Penalty Removed Due to Lack of Fraud Intent.

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....Recovery of duty by invoking extended period of limitation - fabricated DEPB scrips - The duty demand is sustained on the basis of fake scrips and not vested any right in the appellant. However, since there is no intention to the fraud/ forgery, the penalty imposed is set-aside. - AT....