https://www.taxtmi.com/caselaws?id=757154 CESTAT Bangalore upheld revocation of custodianship and rejection of renewal application for Container Corporation under Section 45 and HCCAR 2009. The custodian operated from unnotified area violating Sections 7, 8, and 45 of Customs Act 1962, and failed to meet conditions under Regulation 5 of HCCAR 2009. CESTAT reduced penalty under Regulation 12(8) from Rs. 50,000 to Rs. 10,000 and penalty under Section 117 from Rs. 4,00,000 to Rs. 25,000. Appeal disposed. en-us Fri, 09 Aug 2024 00:00:00 +0530 Sat, 17 Aug 2024 08:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757154 CESTAT Bangalore upheld revocation of custodianship and rejection of renewal application for Container Corporation under Section 45 and HCCAR 2009. The custodian operated from unnotified area violating Sections 7, 8, and 45 of Customs Act 1962, and failed to meet conditions under Regulation 5 of HCCAR 2009. CESTAT reduced penalty under Regulation 12(8) from Rs. 50,000 to Rs. 10,000 and penalty under Section 117 from Rs. 4,00,000 to Rs. 25,000. Appeal disposed. Case-Laws Customs Fri, 09 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757154