https://www.taxtmi.com/caselaws?id=445730 CESTAT Mumbai allowed the appeal in part regarding revocation of customs broker license for alleged under-valuation of imported goods. The tribunal found no evidence that the customs broker knew about under-valuation, as incriminating documents were recovered only from importers' premises during DRI search operations. Violations of Regulations 11(d), 11(e), 11(m), and 11(n) of CBLR 2013 were not established. However, the broker failed to exercise due diligence under Regulation 11(a) when obtaining documents through intermediaries. License revocation was set aside, but security deposit forfeiture was upheld for lack of proactive compliance with due diligence requirements. en-us Fri, 10 Nov 2023 00:00:00 +0530 Thu, 16 Nov 2023 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445730 CESTAT Mumbai allowed the appeal in part regarding revocation of customs broker license for alleged under-valuation of imported goods. The tribunal found no evidence that the customs broker knew about under-valuation, as incriminating documents were recovered only from importers' premises during DRI search operations. Violations of Regulations 11(d), 11(e), 11(m), and 11(n) of CBLR 2013 were not established. However, the broker failed to exercise due diligence under Regulation 11(a) when obtaining documents through intermediaries. License revocation was set aside, but security deposit forfeiture was upheld for lack of proactive compliance with due diligence requirements. Case-Laws Customs Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445730