https://www.taxtmi.com/caselaws?id=750899 CESTAT Mumbai partially allowed appeal against customs broker license revocation. The customs broker was charged with overvaluation and misdeclaration by exporter client, failure to advise compliance, and failure to verify client antecedents. The tribunal found no evidence of broker's responsibility for value declaration or receipt of undue benefits. Only breach established was failure to contact exporter and verify client identity. CESTAT held this breach did not merit license revocation, setting aside revocation order and penalty while upholding security deposit forfeiture. en-us Mon, 01 Apr 2024 00:00:00 +0530 Wed, 03 Apr 2024 06:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750899 CESTAT Mumbai partially allowed appeal against customs broker license revocation. The customs broker was charged with overvaluation and misdeclaration by exporter client, failure to advise compliance, and failure to verify client antecedents. The tribunal found no evidence of broker's responsibility for value declaration or receipt of undue benefits. Only breach established was failure to contact exporter and verify client identity. CESTAT held this breach did not merit license revocation, setting aside revocation order and penalty while upholding security deposit forfeiture. Case-Laws Customs Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750899