https://www.taxtmi.com/caselaws?id=770393 CESTAT New Delhi set aside penalties imposed on customs broker under Sections 112(a) and 114AA of Customs Act, 1962. Revenue alleged broker abetted misdeclaration and undervaluation of imported goods but failed to provide evidence of intentional wrongdoing. Court held that for Section 112(a) penalty, knowledge of wrongful act is essential for abetment charges. Broker had regularly filed Bills of Entry which were cleared by department and possessed required KYC documents. CESTAT ruled that penalties cannot be imposed merely based on third-party acts when broker complied with due diligence requirements and obtained proper authorization documents. Appeal allowed. en-us Mon, 05 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770393 CESTAT New Delhi set aside penalties imposed on customs broker under Sections 112(a) and 114AA of Customs Act, 1962. Revenue alleged broker abetted misdeclaration and undervaluation of imported goods but failed to provide evidence of intentional wrongdoing. Court held that for Section 112(a) penalty, knowledge of wrongful act is essential for abetment charges. Broker had regularly filed Bills of Entry which were cleared by department and possessed required KYC documents. CESTAT ruled that penalties cannot be imposed merely based on third-party acts when broker complied with due diligence requirements and obtained proper authorization documents. Appeal allowed. Case-Laws Customs Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770393