Failure to meet Obligations under Regulation 10 (e) CBLR: CESTAT rules partial Forfeiture of Security Deposit [Read Order]

Failure to act proactively leads to partial forfeiture of security deposit
CESTAT - CESTAT Mumbai - CBLR - Security Deposit - Customs Broker License Management - Customs - Excise - taxscan

The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that failure to meet obligations under regulation 10 (e) of Customs Broker License Management ( CBLR ) results in partial forfeiture of the Security Deposit. The assessee  Kismat Clearing Agency are a Custom House Agent ( CHA ) /Customs…

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