https://www.taxtmi.com/caselaws?id=792807 Supervisory and verification lapses by a customs broker were treated as proved violations of the Customs Brokers Licensing Regulations, 2013 because the record showed inadequate oversight of intermediaries and insufficient diligence in verifying exporters and IEC holders. The evidence, however, did not establish deliberate collusion, illegal gratification, or conscious participation in the alleged drawback fraud. On that footing, forfeiture of the security deposit without revocation of the licence was sustained under the regulator's discretion, and the lesser penalty was not interfered with. en-us Tue, 02 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792807 Supervisory and verification lapses by a customs broker were treated as proved violations of the Customs Brokers Licensing Regulations, 2013 because the record showed inadequate oversight of intermediaries and insufficient diligence in verifying exporters and IEC holders. The evidence, however, did not establish deliberate collusion, illegal gratification, or conscious participation in the alleged drawback fraud. On that footing, forfeiture of the security deposit without revocation of the licence was sustained under the regulator's discretion, and the lesser penalty was not interfered with. Case-Laws Customs Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792807