Appeal dismissed; CHA licence restored subject to financial conditions including Rs.2L forfeiture and two additional Rs.2L deposits

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HC held that the appeal is disposed and the Respondent (CHA) licence is restored subject to financial conditions. The Court affirmed that a three-year suspension sufficiently marks the misconduct and refused to disturb CESTAT's finding on liability for confiscation and prior suspension. The HC modified CESTAT's order: of the Rs. 5,00,000 security deposit, Rs. 2,00,000 is forfeited; the CHA's licence will be renewed upon deposit of an additional Rs. 2,00,000 to Customs; and a further sum of Rs. 2,00,000 must be deposited as a redemption/penalty payment. The balance of the appeal is dismissed.....