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          <h1>Customs Brokers Licensing Regulation 18: License Revocation or Penalty for Misconduct, Insolvency, or Legal Violations.</h1> The Customs Brokers Licensing Regulations, 2013, under Regulation 18, allow the Principal Commissioner or Commissioner of Customs to revoke a Customs Broker's license or impose a penalty up to fifty thousand rupees. Grounds for such actions include failure to comply with bond conditions or regulatory provisions, misconduct, insolvency, unsound mind, or conviction for an offense involving moral turpitude. These actions are independent of any other legal actions under the Customs Act, 1962, or other applicable laws.

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