Penalty on CHA - There was a serious lapse on part of the CHA in ...

CHA Penalized for Failing to Verify KYC Details Before Clearing Rough Diamonds Consignment.

November 12, 2018

Case Laws Customs AT

Penalty on CHA - There was a serious lapse on part of the CHA in verifying the KYC before taking up the Custom clearance of consignment of rough diamond - levy of penalty confirmed.

View Source

← Previous Next →

Penalty on CHA - There was a serious lapse on part of the CHA in ...

CHA Penalized for Failing to Verify KYC Details Before Clearing Rough Diamonds Consignment.

November 12, 2018

Case Laws Customs AT

You may also like:

Revocation of CHA License - appellant failed to verify the address at which the two clients operated and that requirement of ‘know your customer (KYC)’ was entirely...

The Customs Broker (CB) was alleged to have violated Regulation 10(n) of the Customs Broker Licensing Regulation, 2018, for failing to verify the antecedents and actual...

Permission for re-export of imported diamonds on paying the penalty and redemption fine - Import of rough diamonds without KP (Kimberly Process) certificate - The...

Denial of benefit of exemption based on test reports for consignment cleared in the past - The test results of the samples cannot be extrapolated to the consignment...

Re-classification of imported goods - cut and polished diamonds - While the impugned goods may not be ‘rough diamonds’ as mined and may have undergone working before its...

Addition u/s 68 - In the given case, AO has not carried out any useful investigation but merely followed the previous pattern of investigation and completed the...

Import of low quality rough diamonds - prohibited goods - the extent of over-valuation which if allowed would have resulted in repatriation of foreign currency itself...

Levy of penalty on CHA - aiding and abetting the importer in the importation of three consignments of misdeclared goods including shoes, alkaline batteries and wooden...

The circular addresses the uploading of KYC information by KYC Registration Agencies (KRAs) to the Central KYC Records Registry (CKYCRR). Intermediaries u/s 12 of the...

Contravention of provisions of Regulation 13(e) and 13(o) of CHA Licensing Regulation, 2004. - CHA has not even claimed that it had ever verified the existence of the...

Levy of penalty on CHA - The appellate tribunal examined the case where penalties were imposed on appellants for allegedly failing to verify the antecedents of an...

Addition made u/s 69 - unexplained investment - Shortage of rough diamonds means either same were sold outside India of which are available for investment or it has been...

Imposition of penalty on CHA - The CHA is not supposed to verify the each and every aspect about the business of importer as the Inspector of Department or investigating agency.

Prohibition of appellant-CHA to transact the business under Chennai Customs jurisdiction - Detention of Consignment - The CHA is not an inspector to weigh the...

Clandestine Removal - 997.09 carats of diamonds and 98.34 carats of diamonds - processing loss - whether allegation of substitution of diamonds was established through...

Quick Updates: