https://www.taxtmi.com/caselaws?id=389363 The Tribunal partially allowed the appeal, upholding the forfeiture of the security deposit and imposition of a penalty for the customs broker's violation of regulations. However, the revocation of the broker's license was set aside. The decision considered that the broker's involvement ended before the offense took place, emphasizing that the penalty should be proportionate to the offense committed. The Tribunal highlighted the importance of due diligence but found the penalty sufficient without revoking the license, citing a Madras High Court decision for guidance. en-us Fri, 22 Nov 2019 00:00:00 +0530 Thu, 05 Nov 2020 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389363 The Tribunal partially allowed the appeal, upholding the forfeiture of the security deposit and imposition of a penalty for the customs broker's violation of regulations. However, the revocation of the broker's license was set aside. The decision considered that the broker's involvement ended before the offense took place, emphasizing that the penalty should be proportionate to the offense committed. The Tribunal highlighted the importance of due diligence but found the penalty sufficient without revoking the license, citing a Madras High Court decision for guidance. Case-Laws Customs Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389363