CESTAT quashes Penalty imposed on Mediator Acting as Broker Dealing with Trading of Advance licence on ground of unaware of Fraudulently Obtained License [Read Order]

CESTAT - Penalty - Mediator- Acting - Broker -Dealing -Trading - Advance -licence - Ground - Unaware - Fraudulently -TAXSCAN

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed on the mediator acting as a broker dealing with all trading of advance license on the ground of unawareness of the assessee of fraudulently obtained license. The revenue stated that the assessee dealing with all trading of advance…

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