https://www.taxtmi.com/caselaws?id=754029 CESTAT Chennai partially allowed the appeal in a customs broker licence revocation case. The customs broker's licence was misused for fraudulent export of Uric Acid through over-valuation to claim higher drawback. CESTAT found all procedural timelines under Regulation 20 of Customs Brokers Licensing Regulations, 2013 were properly followed - show cause notice, inquiry report, and adjudication order were issued within prescribed 90-day periods. While acknowledging the broker allowed licence misuse for fraudulent transactions and document fabrication, CESTAT modified the Commissioner's order by setting aside licence revocation but upheld the penalty and security deposit forfeiture. en-us Fri, 14 Jun 2024 00:00:00 +0530 Sat, 15 Jun 2024 08:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754029 CESTAT Chennai partially allowed the appeal in a customs broker licence revocation case. The customs broker's licence was misused for fraudulent export of Uric Acid through over-valuation to claim higher drawback. CESTAT found all procedural timelines under Regulation 20 of Customs Brokers Licensing Regulations, 2013 were properly followed - show cause notice, inquiry report, and adjudication order were issued within prescribed 90-day periods. While acknowledging the broker allowed licence misuse for fraudulent transactions and document fabrication, CESTAT modified the Commissioner's order by setting aside licence revocation but upheld the penalty and security deposit forfeiture. Case-Laws Customs Fri, 14 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754029