2006 (3) TMI 604 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the applicant, a transferee of a license, stating that no duty can be confirmed against the transferee due to alleged fraud in obtaining the license. The Tribunal also noted that the show cause notice was served after five years, and joint and several liability on the original licensee and transferee is not in accordance with the law. As a result, the stay petition was unconditionally allowed.