https://www.taxtmi.com/caselaws?id=784975 Whether the penalty and forfeiture imposed under the CBLR, 2013 were lawful: the tribunal examined Regulation 8(1), Regulation 17(9) and Regulation 20 and held the statutory maximum pecuniary penalty for violations by customs brokers is Rs.50,000, and the CBLR contains no provision authorizing forfeiture of the security deposit; consequently imposing a greater or forfeiture-based sanction was impermissible. Outcome: the impugned order imposing only the statutory penalty was upheld and the Revenue's appeal dismissed. en-us Tue, 13 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 08:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784975 Whether the penalty and forfeiture imposed under the CBLR, 2013 were lawful: the tribunal examined Regulation 8(1), Regulation 17(9) and Regulation 20 and held the statutory maximum pecuniary penalty for violations by customs brokers is Rs.50,000, and the CBLR contains no provision authorizing forfeiture of the security deposit; consequently imposing a greater or forfeiture-based sanction was impermissible. Outcome: the impugned order imposing only the statutory penalty was upheld and the Revenue's appeal dismissed. Case-Laws Customs Tue, 13 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784975