https://www.taxtmi.com/highlights?id=76289 Revocation of Customs Broker License - Overvaluation and misdeclaration with intent to claim drawback under section 75 of Customs Act, 1962 - The tribunal acknowledged the breach of the obligation to advise compliance with customs regulations but found no evidence to support the other alleged breaches. They clarified that the appellant's role was limited and that they were not responsible for valuation or declaration of goods. - Considering precedent cases and mitigating circumstances, the tribunal overturned the revocation of the license and reduced the penalties imposed. While recognizing a breach in KYC norms, the tribunal deemed the imposition of all penalties for this single breach excessive. en-us Wed, 03 Apr 2024 06:25:44 +0530 Wed, 03 Apr 2024 06:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76289 Revocation of Customs Broker License - Overvaluation and misdeclaration with intent to claim drawback under section 75 of Customs Act, 1962 - The tribunal acknowledged the breach of the obligation to advise compliance with customs regulations but found no evidence to support the other alleged breaches. They clarified that the appellant's role was limited and that they were not responsible for valuation or declaration of goods. - Considering precedent cases and mitigating circumstances, the tribunal overturned the revocation of the license and reduced the penalties imposed. While recognizing a breach in KYC norms, the tribunal deemed the imposition of all penalties for this single breach excessive. Highlights Customs Wed, 03 Apr 2024 06:25:44 +0530 https://www.taxtmi.com/highlights?id=76289