https://www.taxtmi.com/caselaws?id=409066 The Tribunal found that the penalties imposed on M/s Mahavir Logistics for breaching customs regulations were disproportionate. While confirming the forfeiture of the security deposit and a penalty of Rs. 50,000, the revocation of the customs broker license was deemed excessive for a first offense. The appellant's involvement in undervaluation was limited, and certain breaches were not proven. The decision was announced on 11th January 2021, setting aside the license revocation. en-us Mon, 11 Jan 2021 00:00:00 +0530 Fri, 14 Jan 2022 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409066 The Tribunal found that the penalties imposed on M/s Mahavir Logistics for breaching customs regulations were disproportionate. While confirming the forfeiture of the security deposit and a penalty of Rs. 50,000, the revocation of the customs broker license was deemed excessive for a first offense. The appellant's involvement in undervaluation was limited, and certain breaches were not proven. The decision was announced on 11th January 2021, setting aside the license revocation. Case-Laws Customs Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409066