https://www.taxtmi.com/caselaws?id=765397 The CESTAT Mumbai addressed the revocation of a customs broker license and security deposit forfeiture under the Customs Brokers Licensing Regulations, 2018. The Tribunal found the customs broker breached Regulation 10(n) by failing to verify client details but did not breach Regulation 10(d). It deemed the penalties of license revocation and monetary penalty disproportionate, setting them aside while upholding the security deposit forfeiture. The Tribunal allowed license restoration upon a new security deposit, emphasizing proportionality in penalties. en-us Wed, 29 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765397 The CESTAT Mumbai addressed the revocation of a customs broker license and security deposit forfeiture under the Customs Brokers Licensing Regulations, 2018. The Tribunal found the customs broker breached Regulation 10(n) by failing to verify client details but did not breach Regulation 10(d). It deemed the penalties of license revocation and monetary penalty disproportionate, setting them aside while upholding the security deposit forfeiture. The Tribunal allowed license restoration upon a new security deposit, emphasizing proportionality in penalties. Case-Laws Customs Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765397