Customs Broker’s Failure in Client Verification: CESTAT Upholds Security Deposit Forfeiture

Cargo Yatri Private Ltd. Vs Principal Commissioner of Customs (General) (CESTAT Mumbai)

A customs brokerage firm, M/s Cargo Yatri Private Ltd., has faced regulatory action from customs authorities after it handled a consignment involving misdeclared goods without adequately verifying the credentials and operational status of the importer. The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai, while acknowledging the broker’s lapse in conducting due diligence, has modified the severity of the penalties initially imposed by the Principal Commissioner of Custo

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