https://www.taxtmi.com/caselaws?id=191110 The Tribunal set aside the penalty imposed on the Customs House Agent (CHA) under section 114 of the Customs Act for failure to verify the exporter's credentials. The Tribunal found that the CHA had verified the credentials through IEC and ICEGATE statements and other documents, which were not disputed. It was held that physical verification of the exporter's address was not necessary as the CHA had complied with KYC norms. Therefore, the penalty was deemed unjustified, and the appeal was allowed. en-us Thu, 15 Dec 2016 00:00:00 +0530 Mon, 20 Mar 2017 20:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191110 The Tribunal set aside the penalty imposed on the Customs House Agent (CHA) under section 114 of the Customs Act for failure to verify the exporter's credentials. The Tribunal found that the CHA had verified the credentials through IEC and ICEGATE statements and other documents, which were not disputed. It was held that physical verification of the exporter's address was not necessary as the CHA had complied with KYC norms. Therefore, the penalty was deemed unjustified, and the appeal was allowed. Case-Laws Customs Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191110