https://www.taxtmi.com/caselaws?id=446510 CESTAT Mumbai allowed customs broker's appeal against revocation of license and forfeiture of security deposit for alleged mis-declaration in cashew kernel imports. The tribunal found the broker was not involved in the importer's scheme to import prohibited cashew kernels below minimum import price thresholds by mis-declaring goods as raw cashew nuts. While the importer violated Foreign Trade Policy conditions, the customs broker had no role in these violations. The tribunal set aside license revocation and deposit forfeiture but imposed Rs.10,000 penalty for failure to supervise employee compliance under Customs Brokers Licensing Regulations 2018. en-us Wed, 29 Nov 2023 00:00:00 +0530 Wed, 06 Dec 2023 08:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446510 CESTAT Mumbai allowed customs broker's appeal against revocation of license and forfeiture of security deposit for alleged mis-declaration in cashew kernel imports. The tribunal found the broker was not involved in the importer's scheme to import prohibited cashew kernels below minimum import price thresholds by mis-declaring goods as raw cashew nuts. While the importer violated Foreign Trade Policy conditions, the customs broker had no role in these violations. The tribunal set aside license revocation and deposit forfeiture but imposed Rs.10,000 penalty for failure to supervise employee compliance under Customs Brokers Licensing Regulations 2018. Case-Laws Customs Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446510