https://www.taxtmi.com/caselaws?id=116583 A Customs House Agent cannot be penalised for an exporter's overvaluation fraud unless there is material proving knowing participation, unauthorised transfer of the licence, or breach of supervisory duties under the licensing regulations. The record showed the person said to have received the licence was an intimated employee with a Customs pass, and the evidence did not conclusively establish licence transfer. As the exporter's fraud was detected only after examination and out of charge, and no cogent finding showed abetment or improper gain, the cancellation of the licence and forfeiture of the security deposit were held unsustainable. en-us Mon, 12 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 17:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116583 A Customs House Agent cannot be penalised for an exporter's overvaluation fraud unless there is material proving knowing participation, unauthorised transfer of the licence, or breach of supervisory duties under the licensing regulations. The record showed the person said to have received the licence was an intimated employee with a Customs pass, and the evidence did not conclusively establish licence transfer. As the exporter's fraud was detected only after examination and out of charge, and no cogent finding showed abetment or improper gain, the cancellation of the licence and forfeiture of the security deposit were held unsustainable. Case-Laws Customs Mon, 12 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116583