Fraud-based GST assessment cannot stand without allegations of fraud, wilful misstatement or suppression; proceedings must follow normal classificatio...
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Regulation 17 of the Customs Brokers Licensing Regulations, 2018 requires a valid offence report before proceedings to revoke a Customs Broker licence or impose a penalty can be sustained. The text states that absence of such a report invalidates revocation proceedings. It further explains that a Customs Broker who completes Know Your Customer verification and relies on facially genuine exporter documents is not required to investigate declared valuation as an investigating agency. In the absence of evidence of the broker's knowledge, connivance or involvement in exporter overvaluation, the stated licensing obligations concerning due diligence and document verification are not breached; revocation, security forfeiture and penalty are therefore unsustainable.
Regulation 17 of the Customs Brokers Licensing Regulations, 2018 requires a valid offence report before proceedings to revoke a Customs Broker licence or impose a penalty can be sustained. The text states that absence of such a report invalidates revocation proceedings. It further explains that a Customs Broker who completes Know Your Customer verification and relies on facially genuine exporter documents is not required to investigate declared valuation as an investigating agency. In the absence of evidence of the broker's knowledge, connivance or involvement in exporter overvaluation, the stated licensing obligations concerning due diligence and document verification are not breached; revocation, security forfeiture and penalty are therefore unsustainable.
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