Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
CESTAT partially allowed the appeal, setting aside the revocation of customs broker's licence and forfeiture of security deposit. The tribunal found the penalties disproportionately severe, noting insufficient evidence of misconduct under regulation 10(d) of Customs Broker Licensing Regulations, 2018. While acknowledging potential procedural irregularities in export goods valuation, the tribunal determined no conclusive proof of intentional wrongdoing by the customs broker. The order was modified to mitigate the original punitive measures, maintaining the underlying penalty imposed by the lower authority.
CESTAT partially allowed the appeal, setting aside the revocation of customs broker's licence and forfeiture of security deposit. The tribunal found the penalties disproportionately severe, noting insufficient evidence of misconduct under regulation 10(d) of Customs Broker Licensing Regulations, 2018. While acknowledging potential procedural irregularities in export goods valuation, the tribunal determined no conclusive proof of intentional wrongdoing by the customs broker. The order was modified to mitigate the original punitive measures, maintaining the underlying penalty imposed by the lower authority.
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