https://www.taxtmi.com/caselaws?id=448246 CESTAT Kolkata allowed appeal of CHA firm whose license was revoked for 10 years due to fraudulent import of high-end vehicles by Mumbai operators using third parties, violating Foreign Trade Policy and Customs Act regulations. Though appellant committed grave legal errors by lending license for financial gain, tribunal found 10-year revocation excessive punishment affecting livelihood. Revenue loss was recovered in 8 cases through payment of dues. Tribunal restored license while upholding forfeiture of Rs.50,000 security deposit, concluding perpetual revocation unjust given hardship undergone. en-us Fri, 12 Jan 2024 00:00:00 +0530 Mon, 15 Jan 2024 09:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448246 CESTAT Kolkata allowed appeal of CHA firm whose license was revoked for 10 years due to fraudulent import of high-end vehicles by Mumbai operators using third parties, violating Foreign Trade Policy and Customs Act regulations. Though appellant committed grave legal errors by lending license for financial gain, tribunal found 10-year revocation excessive punishment affecting livelihood. Revenue loss was recovered in 8 cases through payment of dues. Tribunal restored license while upholding forfeiture of Rs.50,000 security deposit, concluding perpetual revocation unjust given hardship undergone. Case-Laws Customs Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448246