https://www.taxtmi.com/caselaws?id=443576 CESTAT Chennai allowed appeals by customs broker against penalties under sections 114(iii) and 114AA of Customs Act, 1962 for alleged overvaluation of goods. The tribunal held that the broker had exercised due diligence by obtaining proper authorization, KYC documents, IEC, PAN, and GST registration details from the exporter. The department failed to establish connivance or abetment in overvaluation, relying only on circumstantial evidence that a letter from exporter was dispatched from broker's location. The tribunal emphasized that allegations against customs brokers affecting their livelihood require substantial evidence, which was lacking. The impugned orders were set aside. en-us Mon, 25 Sep 2023 00:00:00 +0530 Fri, 18 Apr 2025 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443576 CESTAT Chennai allowed appeals by customs broker against penalties under sections 114(iii) and 114AA of Customs Act, 1962 for alleged overvaluation of goods. The tribunal held that the broker had exercised due diligence by obtaining proper authorization, KYC documents, IEC, PAN, and GST registration details from the exporter. The department failed to establish connivance or abetment in overvaluation, relying only on circumstantial evidence that a letter from exporter was dispatched from broker's location. The tribunal emphasized that allegations against customs brokers affecting their livelihood require substantial evidence, which was lacking. The impugned orders were set aside. Case-Laws Customs Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443576