https://www.taxtmi.com/caselaws?id=759805 CESTAT New Delhi dismissed the appeal challenging revocation of customs broker license and forfeiture of security deposit. The customs broker's G-Card holder facilitated fraudulent export clearances using fake IECs, enabling exporters to claim ineligible IGST refunds through bogus invoices without actual tax payment. Investigation revealed dummy firms with fake business addresses, and persons involved had history of commercial fraud. The broker violated multiple provisions of CBLR 2018 regulations. CESTAT held the customs broker liable for agent's fraudulent activities, confirming the penalty was justified given the syndicate's systematic abuse of export procedures. en-us Fri, 04 Oct 2024 00:00:00 +0530 Wed, 09 Oct 2024 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759805 CESTAT New Delhi dismissed the appeal challenging revocation of customs broker license and forfeiture of security deposit. The customs broker's G-Card holder facilitated fraudulent export clearances using fake IECs, enabling exporters to claim ineligible IGST refunds through bogus invoices without actual tax payment. Investigation revealed dummy firms with fake business addresses, and persons involved had history of commercial fraud. The broker violated multiple provisions of CBLR 2018 regulations. CESTAT held the customs broker liable for agent's fraudulent activities, confirming the penalty was justified given the syndicate's systematic abuse of export procedures. Case-Laws Customs Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759805