Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
Suspension of a customs broker licence under Regulation 16(1) CBLR, 2018 was sustained because the broker failed required due diligence under Regulations 10(d), 10(e), 10(f) and 10(n). The broker accepted KYC and authorisation from an unverified person, did not verify identity or genuineness, and did not ensure mandated 100% examination after a scanned-mismatch designation; only one package was opened and sampled. The matter involved large-scale narcotics smuggling with national security and foreign exchange implications; suspension followed receipt of an investigative report, and the inquiry must be completed within CBLR timelines.
Suspension of a customs broker licence under Regulation 16(1) CBLR, 2018 was sustained because the broker failed required due diligence under Regulations 10(d), 10(e), 10(f) and 10(n). The broker accepted KYC and authorisation from an unverified person, did not verify identity or genuineness, and did not ensure mandated 100% examination after a scanned-mismatch designation; only one package was opened and sampled. The matter involved large-scale narcotics smuggling with national security and foreign exchange implications; suspension followed receipt of an investigative report, and the inquiry must be completed within CBLR timelines.
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