Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
CESTAT allowed the appeal, setting aside the revocation of the Customs Broker License. The tribunal found no substantive evidence of fraud or regulatory violations by the appellant. The customs broker had obtained and verified all required KYC documents, including IEC, GSTIN, Aadhaar card, rent agreement, and PAN. The tribunal determined that the revocation was disproportionate and would unduly impact the appellant's livelihood, particularly given the absence of proven misconduct during previous export consignment clearances. The impugned order was consequently set aside, providing full relief to the appellant.
CESTAT allowed the appeal, setting aside the revocation of the Customs Broker License. The tribunal found no substantive evidence of fraud or regulatory violations by the appellant. The customs broker had obtained and verified all required KYC documents, including IEC, GSTIN, Aadhaar card, rent agreement, and PAN. The tribunal determined that the revocation was disproportionate and would unduly impact the appellant's livelihood, particularly given the absence of proven misconduct during previous export consignment clearances. The impugned order was consequently set aside, providing full relief to the appellant.
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