https://www.taxtmi.com/caselaws?id=753011 A customs broker meets the Regulation 10(n) verification duty by checking the client's IEC, GSTIN, PAN and other KYC documents through reliable official sources, and is not required to physically inspect each exporter's premises or verify how government registrations were issued. Where the broker relies on genuine government-issued records and there is no evidence that the documents were forged, fake or suspect, later non-traceability of the exporter does not by itself establish non-compliance. On those facts, CESTAT held that revocation of the customs broker licence, forfeiture of the security deposit and penalty were not justified and set aside the impugned action. en-us Thu, 18 Apr 2024 00:00:00 +0530 Wed, 22 May 2024 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753011 A customs broker meets the Regulation 10(n) verification duty by checking the client's IEC, GSTIN, PAN and other KYC documents through reliable official sources, and is not required to physically inspect each exporter's premises or verify how government registrations were issued. Where the broker relies on genuine government-issued records and there is no evidence that the documents were forged, fake or suspect, later non-traceability of the exporter does not by itself establish non-compliance. On those facts, CESTAT held that revocation of the customs broker licence, forfeiture of the security deposit and penalty were not justified and set aside the impugned action. Case-Laws Customs Thu, 18 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753011