https://www.taxtmi.com/caselaws?id=763738 CESTAT Bangalore set aside the revocation of customs broker license and forfeiture of security deposit in a case involving attempted illegal export of Red Sanders. The tribunal found that while the broker adequately verified KYC documents online, satisfying Regulation 10(e) of CBLR 2018, there was negligence in accepting documents through an unauthorized representative, violating Regulation 10(n). The tribunal concluded the broker acted in good faith without active involvement in illegal export attempts. The penalty of Rs.50,000 was upheld as reasonable for the regulatory violation. Appeal allowed in part. en-us Fri, 23 Aug 2024 00:00:00 +0530 Fri, 27 Dec 2024 09:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763738 CESTAT Bangalore set aside the revocation of customs broker license and forfeiture of security deposit in a case involving attempted illegal export of Red Sanders. The tribunal found that while the broker adequately verified KYC documents online, satisfying Regulation 10(e) of CBLR 2018, there was negligence in accepting documents through an unauthorized representative, violating Regulation 10(n). The tribunal concluded the broker acted in good faith without active involvement in illegal export attempts. The penalty of Rs.50,000 was upheld as reasonable for the regulatory violation. Appeal allowed in part. Case-Laws Customs Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763738