https://www.taxtmi.com/caselaws?id=762719 CESTAT Kolkata set aside the cancellation of appellant's public bonded warehouse licence under Section 58B(1) of Customs Act, 1962. The licence was revoked for lack of audit trail in computerized system and alleged inadequate security following theft incident. Tribunal found delay in installing audit trail was due to COVID pandemic circumstances beyond appellant's control, and single theft incident insufficient to conclude inadequate security measures. Matter remanded to adjudicating authority for fresh examination and verification of current infrastructure compliance with regulatory requirements. en-us Thu, 05 Dec 2024 00:00:00 +0530 Fri, 06 Dec 2024 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762719 CESTAT Kolkata set aside the cancellation of appellant's public bonded warehouse licence under Section 58B(1) of Customs Act, 1962. The licence was revoked for lack of audit trail in computerized system and alleged inadequate security following theft incident. Tribunal found delay in installing audit trail was due to COVID pandemic circumstances beyond appellant's control, and single theft incident insufficient to conclude inadequate security measures. Matter remanded to adjudicating authority for fresh examination and verification of current infrastructure compliance with regulatory requirements. Case-Laws Customs Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762719