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TMI Blog2018 (12) TMI 1120X X X X Extracts X X X X X X X X Extracts X X X X ..... in favor of the appellants, holding that the transferees in the cases had no knowledge of misrepresentation by the exporters. Confiscation of the goods imported by the appellants who are transferees of the licences/scrips does not arise - appeal allowed - decided in favor of appellant. - C/435,460/2012 - A/87758-87759/2018 - Dated:- 24-10-2018 - Mr. S.K. Mohanty, Member (Judicial) And Mr. P. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hetics, M/s. Mahavir Synthetics and M/s. Laxminath Exports. The allegation against the exporters was that they have inflated the FOB value of their exports significantly and obtained the DEPB scrips/DFIA licences against such exports and have sold the scrips to various transferees on the basis of endorsement of transferability by the DGFT. Both the appellants in the present appeals are such transf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... knowledge of misrepresentation by the exporters and in view of the above, confiscation of the goods imported by the appellants who are transferees of the licences/scrips does not arise. The demands of duty and penalties against them are set aside. 4. Learned counsel for the appellants submitted that these appeals somehow remained to be bunched along with the appeals decided by the Tribunal vid ..... X X X X Extracts X X X X X X X X Extracts X X X X
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