https://www.taxtmi.com/caselaws?id=87498 A customs licensing regulation required a licensed firm to report any change in constitution as early as possible and, on reconstitution, to file a fresh application within the prescribed period. On the facts, the firm changed constitution after a partner's death and later on induction of new partners, but failed to make timely disclosure to the Commissioner. The regulation was treated as mandatory, and the firm's reliance on Companies Act incorporation activity did not excuse non-compliance. The natural justice objection was rejected because notice and inquiry had been provided. The regulatory warning entered on the licence was treated as a permissible record of violation, and the forfeiture of the security deposit was sustained. en-us Thu, 14 Nov 1996 00:00:00 +0530 Tue, 06 Sep 2011 14:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87498 A customs licensing regulation required a licensed firm to report any change in constitution as early as possible and, on reconstitution, to file a fresh application within the prescribed period. On the facts, the firm changed constitution after a partner's death and later on induction of new partners, but failed to make timely disclosure to the Commissioner. The regulation was treated as mandatory, and the firm's reliance on Companies Act incorporation activity did not excuse non-compliance. The natural justice objection was rejected because notice and inquiry had been provided. The regulatory warning entered on the licence was treated as a permissible record of violation, and the forfeiture of the security deposit was sustained. Case-Laws Customs Thu, 14 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87498