https://www.taxtmi.com/caselaws?id=325070 A customs broker is required to exercise due diligence and independently verify the importer's identity, antecedents, IEC and business address under the licensing regulations; merely collecting KYC documents is insufficient where the importer appears non-existent and the declared particulars are unreliable. Although the inquiry timeline under the regulations was not strictly followed, that objection was not entertained because the issue had already been addressed in prior writ proceedings and was barred by constructive res judicata. The revocation of licence and forfeiture of the security deposit were upheld as proportionate, since filing a bill of entry for a non-existent importer was treated as grave misconduct and the penalty was not shown to be shockingly disproportionate. en-us Wed, 03 Feb 2016 00:00:00 +0530 Wed, 05 Apr 2017 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325070 A customs broker is required to exercise due diligence and independently verify the importer's identity, antecedents, IEC and business address under the licensing regulations; merely collecting KYC documents is insufficient where the importer appears non-existent and the declared particulars are unreliable. Although the inquiry timeline under the regulations was not strictly followed, that objection was not entertained because the issue had already been addressed in prior writ proceedings and was barred by constructive res judicata. The revocation of licence and forfeiture of the security deposit were upheld as proportionate, since filing a bill of entry for a non-existent importer was treated as grave misconduct and the penalty was not shown to be shockingly disproportionate. Case-Laws Customs Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325070