No Penalty on Customs Broker for Abatement If Due Diligence was Taken While Verifying KYC of Importer Based on Records Submitted: CESTAT [Read Order]

By Kalyani B. Nair - On January 28, 2023 9:30 am - 2 mins read
Penalty - Customs Broker - Customs - KYC - Importer - Records Submitted - CESTAT - Excise - Service Tax - Taxscan

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), ruled that no penalty on Customs Broker for abatement if Due Diligence was taken while verifying KYC of Importer based on records submitted. The appellants in the present appeal are Ms. J. Lakshmi and M/s. Southern Clearing & Forwarding Agencies…

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