https://www.taxtmi.com/caselaws?id=752793 Misuse of a Customs Broker licence by allowing unauthorised persons to operate it and by acting casually in brokerage work justified revocation and forfeiture of the security deposit, even though active involvement in smuggling and falsity of KYC documents were not proved. The conduct was treated as breach of the trust reposed in a Customs Broker. The Tribunal also held that the monetary penalty had to be proportionate to the proved lapse, and reduced the penalty from Rs. 50,000 to Rs. 10,000 because the revocation and forfeiture already reflected adequate punishment. en-us Thu, 16 May 2024 00:00:00 +0530 Sat, 18 May 2024 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752793 Misuse of a Customs Broker licence by allowing unauthorised persons to operate it and by acting casually in brokerage work justified revocation and forfeiture of the security deposit, even though active involvement in smuggling and falsity of KYC documents were not proved. The conduct was treated as breach of the trust reposed in a Customs Broker. The Tribunal also held that the monetary penalty had to be proportionate to the proved lapse, and reduced the penalty from Rs. 50,000 to Rs. 10,000 because the revocation and forfeiture already reflected adequate punishment. Case-Laws Customs Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752793