https://www.taxtmi.com/caselaws?id=431369 The Tribunal set aside the order for forfeiture of a security deposit and annulled the penalty imposed on FedEx Express Transportation and Supply Chain Services (India) Pvt. Limited. The Tribunal found that the appellant had complied with KYC norms by collecting necessary documents in advance and maintained proper records. The allegations of contravening specific regulations were not substantiated, and the appellant's diligence was acknowledged. Consequently, the appeal was allowed, and the appellant was entitled to consequential benefits. en-us Fri, 09 Dec 2022 00:00:00 +0530 Mon, 12 Dec 2022 06:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431369 The Tribunal set aside the order for forfeiture of a security deposit and annulled the penalty imposed on FedEx Express Transportation and Supply Chain Services (India) Pvt. Limited. The Tribunal found that the appellant had complied with KYC norms by collecting necessary documents in advance and maintained proper records. The allegations of contravening specific regulations were not substantiated, and the appellant's diligence was acknowledged. Consequently, the appeal was allowed, and the appellant was entitled to consequential benefits. Case-Laws Customs Fri, 09 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431369