https://www.taxtmi.com/caselaws?id=450111 The CESTAT Ahmedabad ruled in favor of the Appellant, a Customs Broker, setting aside the penalty imposed under Regulation 18 of CBLR 2018. The Tribunal determined that the Appellant complied with KYC requirements and was not responsible for verifying the value of exported goods. The judgment highlighted the limited role of Customs Brokers in documentation and KYC verification, absolving the Appellant of any alleged fraudulent activities. The Tribunal found no evidence of collusion or wrongdoing, thereby allowing the appeal and declaring the penalty unjustified. en-us Mon, 20 Nov 2023 00:00:00 +0530 Fri, 09 Aug 2024 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450111 The CESTAT Ahmedabad ruled in favor of the Appellant, a Customs Broker, setting aside the penalty imposed under Regulation 18 of CBLR 2018. The Tribunal determined that the Appellant complied with KYC requirements and was not responsible for verifying the value of exported goods. The judgment highlighted the limited role of Customs Brokers in documentation and KYC verification, absolving the Appellant of any alleged fraudulent activities. The Tribunal found no evidence of collusion or wrongdoing, thereby allowing the appeal and declaring the penalty unjustified. Case-Laws Customs Mon, 20 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450111