https://www.taxtmi.com/caselaws?id=384818 The Court upheld the penalty imposed by the Customs, Excise and Service Tax Appellate Tribunal under the Customs Act on the appellant, a Customs House Agent, but reduced it from Rs. 30,00,000 to Rs. 15,00,000. The Tribunal found the appellant had failed to verify KYC norms in a previous consignment for the same importer, although not connected to the offending goods in the present case. The Court considered the appellant's lapse in verifying essential facts, leading to a penalty equivalent to the duty involved, totaling Rs. 1,77,401, to be deposited within four weeks. en-us Tue, 20 Aug 2019 00:00:00 +0530 Thu, 05 Nov 2020 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384818 The Court upheld the penalty imposed by the Customs, Excise and Service Tax Appellate Tribunal under the Customs Act on the appellant, a Customs House Agent, but reduced it from Rs. 30,00,000 to Rs. 15,00,000. The Tribunal found the appellant had failed to verify KYC norms in a previous consignment for the same importer, although not connected to the offending goods in the present case. The Court considered the appellant's lapse in verifying essential facts, leading to a penalty equivalent to the duty involved, totaling Rs. 1,77,401, to be deposited within four weeks. Case-Laws Customs Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384818