https://www.taxtmi.com/caselaws?id=758699 CESTAT Mumbai set aside penalty imposed under Section 114(i) of Customs Act, 1962 on customs broker proprietor. The appellant handled eight shipping bills for export goods allegedly involving overvaluation. The exporter himself prepared eight separate invoices and directed the customs broker to file documents accordingly. No evidence showed the broker was aware of overvaluation or deliberately split consignments to avoid examination. The licensing authority had already imposed penalty of Rs.20,000 through forfeiture of security deposit. CESTAT held that without knowledge of overvaluation, the customs broker cannot be held liable for aiding and abetting, and penalty under Section 114(i) was unsustainable. Appeal allowed. en-us Fri, 30 Aug 2024 00:00:00 +0530 Tue, 17 Sep 2024 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758699 CESTAT Mumbai set aside penalty imposed under Section 114(i) of Customs Act, 1962 on customs broker proprietor. The appellant handled eight shipping bills for export goods allegedly involving overvaluation. The exporter himself prepared eight separate invoices and directed the customs broker to file documents accordingly. No evidence showed the broker was aware of overvaluation or deliberately split consignments to avoid examination. The licensing authority had already imposed penalty of Rs.20,000 through forfeiture of security deposit. CESTAT held that without knowledge of overvaluation, the customs broker cannot be held liable for aiding and abetting, and penalty under Section 114(i) was unsustainable. Appeal allowed. Case-Laws Customs Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758699