https://www.taxtmi.com/article/detailed?id=10976 The Tribunal held that Section 114 penalises persons whose acts or omissions render goods liable to confiscation, but the Customs Brokers Licensing Regulations impose compliance duties without prescribing confiscation or penalty consequences; because there was no material showing the broker fixed or declared the export value or abetted undervaluation, penalty under Section 114 could not be sustained and the broker's appeal was allowed. en-us Thu, 12 Jan 2023 14:20:38 +0530 Thu, 12 Jan 2023 14:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10976 The Tribunal held that Section 114 penalises persons whose acts or omissions render goods liable to confiscation, but the Customs Brokers Licensing Regulations impose compliance duties without prescribing confiscation or penalty consequences; because there was no material showing the broker fixed or declared the export value or abetted undervaluation, penalty under Section 114 could not be sustained and the broker's appeal was allowed. Articles Customs - Import - Export - SEZ Thu, 12 Jan 2023 14:20:38 +0530 https://www.taxtmi.com/article/detailed?id=10976