https://www.taxtmi.com/caselaws?id=756778 A customs broker was found not to have violated the Customs Brokers Licensing Regulations, 2018 where the authorization letter, read as a whole, showed that omission of the word "exports" was inadvertent and the filing of Shipping Bills was not unauthorised. The broker had no role in fixing transaction or assessable value, so the exporter's alleged overvaluation did not itself prove a failure to advise compliance or lack of due diligence. IEC and GSTIN documents issued by public authorities were treated as reliable verification of client identity and declared business address, and no independent evidence showed breach of the broker's regulatory duties. The revocation of licence, forfeiture of security deposit and penalty were therefore unsustainable. en-us Tue, 06 Aug 2024 00:00:00 +0530 Thu, 08 Aug 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756778 A customs broker was found not to have violated the Customs Brokers Licensing Regulations, 2018 where the authorization letter, read as a whole, showed that omission of the word "exports" was inadvertent and the filing of Shipping Bills was not unauthorised. The broker had no role in fixing transaction or assessable value, so the exporter's alleged overvaluation did not itself prove a failure to advise compliance or lack of due diligence. IEC and GSTIN documents issued by public authorities were treated as reliable verification of client identity and declared business address, and no independent evidence showed breach of the broker's regulatory duties. The revocation of licence, forfeiture of security deposit and penalty were therefore unsustainable. Case-Laws Customs Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756778