https://www.taxtmi.com/caselaws?id=760088 CESTAT New Delhi allowed the appeal and set aside the Rs.50,000 penalty imposed on a customs broker under Regulation 18 of Customs Broker Licensing Regulation, 2018. The case involved mis-declared and prohibited goods including E-Cigarettes. The tribunal found that the customs broker had fulfilled all KYC obligations under Regulation 10(n) regarding their client, the importer, and acted with due diligence. The broker provided necessary assistance to investigating authorities, promptly informed about mis-declaration, and cooperated fully. The tribunal held that customs brokers cannot be expected to act as investigating agencies beyond their statutory obligations of client verification. en-us Tue, 15 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760088 CESTAT New Delhi allowed the appeal and set aside the Rs.50,000 penalty imposed on a customs broker under Regulation 18 of Customs Broker Licensing Regulation, 2018. The case involved mis-declared and prohibited goods including E-Cigarettes. The tribunal found that the customs broker had fulfilled all KYC obligations under Regulation 10(n) regarding their client, the importer, and acted with due diligence. The broker provided necessary assistance to investigating authorities, promptly informed about mis-declaration, and cooperated fully. The tribunal held that customs brokers cannot be expected to act as investigating agencies beyond their statutory obligations of client verification. Case-Laws Customs Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760088