https://www.taxtmi.com/caselaws?id=759084 CESTAT Kolkata upheld penalties under Section 114(i) of Customs Act, 1962 against two appellants involved in attempted export of Red Sanders. The appellants failed to comply with KYC requirements and proper verification procedures for their clients in a transit clearance operation for Nepal-based cargo destined for Korea. Despite appellants' contention that no abetment allegations were made, the tribunal found their role as intermediaries facilitated export of banned goods through grave omissions at multiple stages. The court reduced penalties to Rs.4,00,000 each, considering the totality of circumstances while emphasizing their deliberate failure to ascertain client whereabouts and obtain necessary authorization documents. en-us Mon, 23 Sep 2024 00:00:00 +0530 Tue, 24 Sep 2024 09:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759084 CESTAT Kolkata upheld penalties under Section 114(i) of Customs Act, 1962 against two appellants involved in attempted export of Red Sanders. The appellants failed to comply with KYC requirements and proper verification procedures for their clients in a transit clearance operation for Nepal-based cargo destined for Korea. Despite appellants' contention that no abetment allegations were made, the tribunal found their role as intermediaries facilitated export of banned goods through grave omissions at multiple stages. The court reduced penalties to Rs.4,00,000 each, considering the totality of circumstances while emphasizing their deliberate failure to ascertain client whereabouts and obtain necessary authorization documents. Case-Laws Customs Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759084