https://www.taxtmi.com/caselaws?id=782258 CESTAT Kolkata allowed the appeal of the customs broker, setting aside the impugned order imposing penalty under Regulation 18 of CBLR, 2018 and forfeiting security deposit. The Tribunal noted that Customs officials themselves had permitted clearance of imported diesel engines with water pump sets against Exim Scrips and shared the same understanding as the broker regarding eligibility of such payment. Relying on prior SC/HC and Tribunal decisions holding that use of scrips instead of cash, without revenue loss, does not attract interest or penalty, CESTAT held that no case was made out against the broker for penal action or forfeiture. en-us Tue, 06 May 2025 00:00:00 +0530 Wed, 26 Nov 2025 17:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782258 CESTAT Kolkata allowed the appeal of the customs broker, setting aside the impugned order imposing penalty under Regulation 18 of CBLR, 2018 and forfeiting security deposit. The Tribunal noted that Customs officials themselves had permitted clearance of imported diesel engines with water pump sets against Exim Scrips and shared the same understanding as the broker regarding eligibility of such payment. Relying on prior SC/HC and Tribunal decisions holding that use of scrips instead of cash, without revenue loss, does not attract interest or penalty, CESTAT held that no case was made out against the broker for penal action or forfeiture. Case-Laws Customs Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782258