https://www.taxtmi.com/caselaws?id=789012 Penalty under Section 117 of the Customs Act was held unsustainable against a Customs House Agent where the Bills of Entry were filed on importer-supplied information and there was no proof that the broker itself suggested the disputed classification, knowingly furnished a false declaration, or otherwise contravened the Act. The ruling confirms that a Customs Broker is not required to independently verify every technical declaration absent evidence of active involvement or knowledge. It also states that, once a resolution plan is approved under the Insolvency and Bankruptcy Code, pre-approval claims not covered by the plan are extinguished and related proceedings cannot continue. On both grounds, the impugned penalty and proceedings were set aside. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789012 Penalty under Section 117 of the Customs Act was held unsustainable against a Customs House Agent where the Bills of Entry were filed on importer-supplied information and there was no proof that the broker itself suggested the disputed classification, knowingly furnished a false declaration, or otherwise contravened the Act. The ruling confirms that a Customs Broker is not required to independently verify every technical declaration absent evidence of active involvement or knowledge. It also states that, once a resolution plan is approved under the Insolvency and Bankruptcy Code, pre-approval claims not covered by the plan are extinguished and related proceedings cannot continue. On both grounds, the impugned penalty and proceedings were set aside. Case-Laws Customs Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789012