https://www.taxtmi.com/caselaws?id=367198 The tribunal set aside the penalty of Rs. 50,000 imposed on the appellant M/s. Carewell Shipping Pvt. Ltd. under Regulations 18 & 20 (7) of the Customs Brokers Licensing Regulations, 2013. It held that the customs broker had verified essential documents and complied with KYC norms during initial customs clearance, concluding that the penalty was unjustified. The tribunal clarified that Regulation 11 (n) does not require independent verification by customs brokers but mandates the use of reliable documents for verification. The appeal was allowed with any consequential benefits as per the law. en-us Tue, 03 Jul 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367198 The tribunal set aside the penalty of Rs. 50,000 imposed on the appellant M/s. Carewell Shipping Pvt. Ltd. under Regulations 18 & 20 (7) of the Customs Brokers Licensing Regulations, 2013. It held that the customs broker had verified essential documents and complied with KYC norms during initial customs clearance, concluding that the penalty was unjustified. The tribunal clarified that Regulation 11 (n) does not require independent verification by customs brokers but mandates the use of reliable documents for verification. The appeal was allowed with any consequential benefits as per the law. Case-Laws Customs Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367198