https://www.taxtmi.com/caselaws?id=754854 CESTAT New Delhi upheld the revocation of a customs broker license, forfeiture of security deposit, and penalty imposition for facilitating fraudulent exports to enable dubious exporters' wrongful IGST refund claims. The tribunal found the broker violated multiple provisions of Customs Broker Licensing Regulations, 2018, including failing to discharge duties with due diligence despite knowledge of illegal export activities. The broker contravened regulation 10(m) by not advising firms or informing the department about fraudulent activities. CESTAT emphasized that customs brokers must safeguard both importers' and customs' interests, and any regulatory contravention warrants punishment regardless of intent. The misconduct rendered the broker unfit for business, justifying the imposed sanctions. en-us Fri, 28 Jun 2024 00:00:00 +0530 Tue, 02 Jul 2024 07:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754854 CESTAT New Delhi upheld the revocation of a customs broker license, forfeiture of security deposit, and penalty imposition for facilitating fraudulent exports to enable dubious exporters' wrongful IGST refund claims. The tribunal found the broker violated multiple provisions of Customs Broker Licensing Regulations, 2018, including failing to discharge duties with due diligence despite knowledge of illegal export activities. The broker contravened regulation 10(m) by not advising firms or informing the department about fraudulent activities. CESTAT emphasized that customs brokers must safeguard both importers' and customs' interests, and any regulatory contravention warrants punishment regardless of intent. The misconduct rendered the broker unfit for business, justifying the imposed sanctions. Case-Laws Customs Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754854