Security Deposit Forfeiture justified for Customs Broker’s Failure to Proactively Fulfill Obligations

Durga Clearing Private Limited Vs Principal Commissioner of Customs (General) (CESTAT Mumbai) CESTAT Mumbai held that forfeiture of security deposit justified as Customs Broker failed to act in a proactive manner in fulfilling their obligation as Customs Broker, particularly when the import documents were obtained from the importers through an intermediary. Facts- The appellants are Customs Broker (CB). A specific intelligence was developed by Directorate of Revenue Intelligence (DRI), regarding under-valuation of goods in import of furniture, lighting fixtures, wood treatment chemicals, resi...