https://www.taxtmi.com/caselaws?id=762961 CESTAT Mumbai partially allowed the appeal by the Customs Broker challenging revocation of license and forfeiture of security deposit. The tribunal found no violation of Regulations 1(4), 10(d), 10(n) and 13(12) of CBLR 2018, noting the broker filed bills of entry based on documents provided by importers without prior knowledge of misdeclaration. However, violation of Regulation 10(e) was upheld for failure to exercise due diligence in document handling. The tribunal criticized significant procedural delays in inquiry proceedings and modified the penalty to Rs.5,000 only, setting aside license revocation and security deposit forfeiture. en-us Thu, 05 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 08:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762961 CESTAT Mumbai partially allowed the appeal by the Customs Broker challenging revocation of license and forfeiture of security deposit. The tribunal found no violation of Regulations 1(4), 10(d), 10(n) and 13(12) of CBLR 2018, noting the broker filed bills of entry based on documents provided by importers without prior knowledge of misdeclaration. However, violation of Regulation 10(e) was upheld for failure to exercise due diligence in document handling. The tribunal criticized significant procedural delays in inquiry proceedings and modified the penalty to Rs.5,000 only, setting aside license revocation and security deposit forfeiture. Case-Laws Customs Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762961