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…
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
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.
Latest articles
Other Laws
Supreme Court Recognises Homemakers as ‘Nation Builders’, Enhances Compensation in 25-Year-Old Motor Accident Case
The Supreme Court has delivered a significant judgment recognising the immense economic and social...
GST
Madras High Court Stays GST Order, Finds Prima Facie Merit in Plea Against S. 74 Proceedings Based on S. 73 Intimation
The Madras High Court consisting of the bench of Justice Senthilkumar Ramamoorthy has granted...
GST
Madras High Court Stays GST Order Denying ITC on Captive Solar Power Plant
The Madras High Court has granted interim relief to Kanishk Steel Industries Limited by...
GST
Assessee Can’t Use Writ Jurisdiction to Bypass GST Appeal Deadline: Allahabad High Court
The Allahabad High Court (Lucknow Bench) has dismissed a writ petition challenging a GST...
More like this
Other Laws
Supreme Court Recognises Homemakers as ‘Nation Builders’, Enhances Compensation in 25-Year-Old Motor Accident Case
The Supreme Court has delivered a significant judgment recognising the immense economic and social...
GST
Madras High Court Stays GST Order, Finds Prima Facie Merit in Plea Against S. 74 Proceedings Based on S. 73 Intimation
The Madras High Court consisting of the bench of Justice Senthilkumar Ramamoorthy has granted...
GST
Madras High Court Stays GST Order Denying ITC on Captive Solar Power Plant
The Madras High Court has granted interim relief to Kanishk Steel Industries Limited by...

