|Custom, Excise & Service Tax Tribunal
Penalty under Sec 112(a)(ii) Customs Act cannot be imposed without prior knowledge of mis-declaration | Customs broker & G-Card holder exonerated : CESTAT
The Eastern Zonal Bench of CESTAT set aside Rs 1 lakh penalties on a customs broker and its G-Card holder, holding that liability under Sec 112(a)(ii) requires proof of prior knowledge of the mis-declaration. The decision limits customs authorities from penalising intermediaries absent such knowledge, affecting all licensed brokers and G-Card holders.