Seeking waiver of forfeiture of security as well as penalty...

Seeking waiver of forfeiture of security as well as penalty imposed on CHA - time period for reporting the changes - It is noticed that the appellant has claimed that the delay occurred largely due to the fact that one of his partner died and he was not in a right frame of mind. It is noticed that the impugned order has, taking a lenient view, not revoked the license of the appellant - Taking into account the circumstances and the facts of the case, further lenient view is adopted. The case is not of a significant violation but only that of a delay in reporting. Moreover, the appellant did not process any document during this period. - the order of forfeiture of security deposit of Rs. 5 lakhs is set aside but the penalty of Rs. 50,000/- on the Customs Broker is sustained, for this lapse - AT