https://www.taxtmi.com/caselaws?id=408936 The Tribunal upheld the forfeiture of the appellant's security deposit and imposition of a penalty under the Customs Broker Licensing Regulations, 2013. However, the revocation of the customs broker license was deemed disproportionate for a first breach, setting it aside. The appellant's breaches were found to not contribute to undervaluation, and discrepancies in penalties imposed on different parties were rectified for even-handed application. The appellant's lack of diligence in duties and breaches of regulations were acknowledged, but malafide intent was not proven. Compliance with regulations and rectification of duty differentials by the importer were considered in the final decision. en-us Mon, 11 Jan 2021 00:00:00 +0530 Wed, 28 Jul 2021 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408936 The Tribunal upheld the forfeiture of the appellant's security deposit and imposition of a penalty under the Customs Broker Licensing Regulations, 2013. However, the revocation of the customs broker license was deemed disproportionate for a first breach, setting it aside. The appellant's breaches were found to not contribute to undervaluation, and discrepancies in penalties imposed on different parties were rectified for even-handed application. The appellant's lack of diligence in duties and breaches of regulations were acknowledged, but malafide intent was not proven. Compliance with regulations and rectification of duty differentials by the importer were considered in the final decision. Case-Laws Customs Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408936