Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
CESTAT overturned the revocation of appellant's Customs Broker License and associated penalties. The Tribunal found no violations of CBLR 2018 Regulations 10(d), 10(m), and 10(n). The appellant had properly verified importer documentation, including genuine signatures validated by bank authorities. The importer's credentials (IEC, GSTIN, PAN) were legitimate, and the Customs Broker fulfilled verification duties within reasonable expectations. The Tribunal determined physical premises verification wasn't mandatory for every importer. The adjudicating authority's order lacked sufficient grounds to reject the Inquiry Officer's findings that cleared the appellant of misconduct. Consequently, license revocation and penalties were deemed unsustainable.
CESTAT overturned the revocation of appellant's Customs Broker License and associated penalties. The Tribunal found no violations of CBLR 2018 Regulations 10(d), 10(m), and 10(n). The appellant had properly verified importer documentation, including genuine signatures validated by bank authorities. The importer's credentials (IEC, GSTIN, PAN) were legitimate, and the Customs Broker fulfilled verification duties within reasonable expectations. The Tribunal determined physical premises verification wasn't mandatory for every importer. The adjudicating authority's order lacked sufficient grounds to reject the Inquiry Officer's findings that cleared the appellant of misconduct. Consequently, license revocation and penalties were deemed unsustainable.
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