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HomeIndirect TaxesCustoms Broker Not Liable for Export Overvaluation Without Findings on Due Diligence:...

Customs Broker Not Liable for Export Overvaluation Without Findings on Due Diligence: Calcutta HC Quashes Rs. 50 Lakh Penalty

Indirect Taxes

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By Mariya Paliwala
Customs Broker Not Liable for Export Overvaluation Without Findings on Due Diligence: Calcutta HC Quashes Rs. 50 Lakh Penalty

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The Calcutta High Court has set aside a Rs. 50 lakh penalty imposed on a customs broker under Section 114(iii) of the Customs Act, 1962, holding that mere failure to physically verify an exporter’s premises cannot automatically establish culpability in cases of alleged export overvaluation. The bench of Justice Om Narayan Rai found that the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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