https://www.taxtmi.com/caselaws?id=757355 The CESTAT Mumbai set aside the revocation of a customs broker's license and forfeiture of security deposit. The tribunal found that while the CB declared goods description and value as per documents provided by the importer, they failed to exercise due diligence when receiving import documents through an intermediary logistics provider rather than directly from the importer. The mis-declaration was attributed to a third party who fabricated parallel invoices, which even customs authorities couldn't detect during assessment. The tribunal held that only a violation of Regulation 10(a) of CBLR 2018 occurred, warranting penalty but not license revocation. No violations of Regulations 10(b), 10(d), 10(e), 10(m) and 10(n) were established. Appeal allowed. en-us Fri, 16 Feb 2024 00:00:00 +0530 Fri, 23 Aug 2024 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757355 The CESTAT Mumbai set aside the revocation of a customs broker's license and forfeiture of security deposit. The tribunal found that while the CB declared goods description and value as per documents provided by the importer, they failed to exercise due diligence when receiving import documents through an intermediary logistics provider rather than directly from the importer. The mis-declaration was attributed to a third party who fabricated parallel invoices, which even customs authorities couldn't detect during assessment. The tribunal held that only a violation of Regulation 10(a) of CBLR 2018 occurred, warranting penalty but not license revocation. No violations of Regulations 10(b), 10(d), 10(e), 10(m) and 10(n) were established. Appeal allowed. Case-Laws Customs Fri, 16 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757355