https://www.taxtmi.com/caselaws?id=447699 CESTAT Mumbai-AT partially allowed appeal against revocation of customs broker license. The tribunal found appellants not involved in mis-declaration of imported goods by importers, who falsely declared electronic toys and undeclared cosmetics. While violations of Regulations 10(d) and 10(e) were not established as customs brokers lacked expertise to identify mis-declarations, limited violation of Regulation 10(n) was found for inadequate KYC verification. The tribunal set aside license revocation and security deposit forfeiture, reducing penalty to Rs.20,000 under Regulation 18. en-us Mon, 01 Jan 2024 00:00:00 +0530 Wed, 03 Jan 2024 08:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447699 CESTAT Mumbai-AT partially allowed appeal against revocation of customs broker license. The tribunal found appellants not involved in mis-declaration of imported goods by importers, who falsely declared electronic toys and undeclared cosmetics. While violations of Regulations 10(d) and 10(e) were not established as customs brokers lacked expertise to identify mis-declarations, limited violation of Regulation 10(n) was found for inadequate KYC verification. The tribunal set aside license revocation and security deposit forfeiture, reducing penalty to Rs.20,000 under Regulation 18. Case-Laws Customs Mon, 01 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447699