Revocation and penalty for customs brokers: licence can be revoked or security forfeited for bond breach, misconduct, insolvency or conviction. The Principal Commissioner or Commissioner may revoke a customs broker's licence, forfeit part or all of the security, or impose a monetary penalty where the broker fails to comply with bond conditions, contravenes the regulations, commits misconduct making them unfit to transact customs business, is adjudicated insolvent, is of unsound mind, or is convicted of an offence involving moral turpitude; such regulatory action is without prejudice to actions under the Customs Act or other laws.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Revocation and penalty for customs brokers: licence can be revoked or security forfeited for bond breach, misconduct, insolvency or conviction.
The Principal Commissioner or Commissioner may revoke a customs broker's licence, forfeit part or all of the security, or impose a monetary penalty where the broker fails to comply with bond conditions, contravenes the regulations, commits misconduct making them unfit to transact customs business, is adjudicated insolvent, is of unsound mind, or is convicted of an offence involving moral turpitude; such regulatory action is without prejudice to actions under the Customs Act or other laws.
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