https://www.taxtmi.com/caselaws?id=768662 CESTAT NEW DELHI set aside revocation of customs broker license and forfeiture of security deposit, finding no evidence of active collusion by the broker in exporters' fraudulent mis-declaration of goods quantity and value to claim higher drawbacks. The tribunal held violations of CBLR 2018 Regulations 10(a), 10(d), and 10(n) were not established, as the broker obtained proper authorization, was not responsible for exporters' actions, and adequately verified KYC documents. However, penalty was reduced from Rs 50,000 to Rs 25,000, recognizing the broker's crucial role in international trade and responsibility for client transactions. Appeal allowed in part. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768662 CESTAT NEW DELHI set aside revocation of customs broker license and forfeiture of security deposit, finding no evidence of active collusion by the broker in exporters' fraudulent mis-declaration of goods quantity and value to claim higher drawbacks. The tribunal held violations of CBLR 2018 Regulations 10(a), 10(d), and 10(n) were not established, as the broker obtained proper authorization, was not responsible for exporters' actions, and adequately verified KYC documents. However, penalty was reduced from Rs 50,000 to Rs 25,000, recognizing the broker's crucial role in international trade and responsibility for client transactions. Appeal allowed in part. Case-Laws Customs Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768662