https://www.taxtmi.com/caselaws?id=430511 Regulation 10(n) of the Customs Brokers Licensing Regulations, 2018 requires a Customs Broker to verify the IEC, GSTIN, client identity and the client's functioning at the declared address using reliable, independent and authentic material. It does not require the broker to sit in judgment over registrations issued by competent government authorities, undertake continuous surveillance, or physically inspect every client premises. On the facts, the verification reports were vague and inconclusive and did not show that the exporters never existed or that the brokers failed their statutory duty at the time of processing the exports. The revocation of licences, forfeiture of security deposits and penalties were therefore unsustainable. en-us Fri, 18 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430511 Regulation 10(n) of the Customs Brokers Licensing Regulations, 2018 requires a Customs Broker to verify the IEC, GSTIN, client identity and the client's functioning at the declared address using reliable, independent and authentic material. It does not require the broker to sit in judgment over registrations issued by competent government authorities, undertake continuous surveillance, or physically inspect every client premises. On the facts, the verification reports were vague and inconclusive and did not show that the exporters never existed or that the brokers failed their statutory duty at the time of processing the exports. The revocation of licences, forfeiture of security deposits and penalties were therefore unsustainable. Case-Laws Customs Fri, 18 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430511