Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Page of 4916
Press 'Enter' after typing page number.
41 to 60 of 98302 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT upheld penalty imposed on customs broker under Regulation 18 of CBLR 2013 for mis-declaration of goods' weight in two bills of entry. The appellant contended lack of knowledge regarding importer's mis-declaration, arguing Regulation 11(d) cannot apply without broker's awareness. CESTAT rejected this defense, holding that customs brokers must exercise due diligence and prudence expected of reasonable persons. The regulation mandates brokers to advise clients on legal compliance and report non-compliance to customs authorities. The tribunal found broker failed to notice weight discrepancies in weighment slips during clearance process, constituting blameworthy conduct. Considering no disproportionate revenue loss and penalty's proportionality, CESTAT concluded the original authority's decision was neither arbitrary nor procedurally improper, dismissing the appeal.
CESTAT upheld penalty imposed on customs broker under Regulation 18 of CBLR 2013 for mis-declaration of goods' weight in two bills of entry. The appellant contended lack of knowledge regarding importer's mis-declaration, arguing Regulation 11(d) cannot apply without broker's awareness. CESTAT rejected this defense, holding that customs brokers must exercise due diligence and prudence expected of reasonable persons. The regulation mandates brokers to advise clients on legal compliance and report non-compliance to customs authorities. The tribunal found broker failed to notice weight discrepancies in weighment slips during clearance process, constituting blameworthy conduct. Considering no disproportionate revenue loss and penalty's proportionality, CESTAT concluded the original authority's decision was neither arbitrary nor procedurally improper, dismissing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
