https://www.taxtmi.com/caselaws?id=420230 The appeal was partly allowed, setting aside the penalty of Rs. 50,000/-. However, the revocation of the appellant's license and forfeiture of the security deposit were upheld. The Tribunal found that the appellant knowingly facilitated fraudulent transactions and benami imports, leading to the decision to revoke the license. Additionally, the forfeiture of the security deposit was deemed necessary due to the appellant's violations of customs regulations. en-us Mon, 21 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420230 The appeal was partly allowed, setting aside the penalty of Rs. 50,000/-. However, the revocation of the appellant's license and forfeiture of the security deposit were upheld. The Tribunal found that the appellant knowingly facilitated fraudulent transactions and benami imports, leading to the decision to revoke the license. Additionally, the forfeiture of the security deposit was deemed necessary due to the appellant's violations of customs regulations. Case-Laws Customs Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420230