Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Customs broker - Revocation of License - forfeiture of security deposit - Penalty - The Tribunal found that the appellant had indeed acted casually and allowed his license to be used by others for financial benefits, which was confirmed by his own admissions in the statement dated 04.04.2022. The Tribunal noted that such behavior breached the trust reposed in the customs broker by the department and the regulations designed to safeguard the customs procedures. The Tribunal upheld the revocation of the license and the forfeiture of the security deposit. However penalty amount received from 50K to 10K.
Customs broker - Revocation of License - forfeiture of security deposit - Penalty - The Tribunal found that the appellant had indeed acted casually and allowed his license to be used by others for financial benefits, which was confirmed by his own admissions in the statement dated 04.04.2022. The Tribunal noted that such behavior breached the trust reposed in the customs broker by the department and the regulations designed to safeguard the customs procedures. The Tribunal upheld the revocation of the license and the forfeiture of the security deposit. However penalty amount received from 50K to 10K.
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