Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The Customs, Excise and Service Tax Appellate Tribunal set aside the impugned order, allowing the appeal. The Tribunal held that the findings regarding breach of Regulations 10(d) and 10(n) of the Customs Brokers Licensing Regulations, 2018, were incorrect and lacked factual or legal basis. The charge of failure to discharge duties as a customs broker without delay was also incorrectly construed. Consequently, the revocation of the customs broker's license, forfeiture of security deposit, and imposition of penalty were set aside.
The Customs, Excise and Service Tax Appellate Tribunal set aside the impugned order, allowing the appeal. The Tribunal held that the findings regarding breach of Regulations 10(d) and 10(n) of the Customs Brokers Licensing Regulations, 2018, were incorrect and lacked factual or legal basis. The charge of failure to discharge duties as a customs broker without delay was also incorrectly construed. Consequently, the revocation of the customs broker's license, forfeiture of security deposit, and imposition of penalty were set aside.
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