https://www.taxtmi.com/caselaws?id=771188 CESTAT Mumbai set aside the revocation of customs broker licence and forfeiture of security deposit, finding the penalties disproportionately severe. The tribunal determined that allegations of misconduct under regulation 10(d) of Customs Broker Licensing Regulations, 2018 lacked justification, as there was no evidence the broker provided incorrect advice regarding export goods valuation. The authority failed to establish that the broker abetted illegal activities or was cognizant of any deficiency in integrated tax payment. However, the tribunal upheld the monetary penalty imposed, as it was beyond the scope of appeal. en-us Mon, 05 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771188 CESTAT Mumbai set aside the revocation of customs broker licence and forfeiture of security deposit, finding the penalties disproportionately severe. The tribunal determined that allegations of misconduct under regulation 10(d) of Customs Broker Licensing Regulations, 2018 lacked justification, as there was no evidence the broker provided incorrect advice regarding export goods valuation. The authority failed to establish that the broker abetted illegal activities or was cognizant of any deficiency in integrated tax payment. However, the tribunal upheld the monetary penalty imposed, as it was beyond the scope of appeal. Case-Laws Customs Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771188