September 13, 2020 8:26 PM

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Licences of 56 Customs Brokers suspended since August 2019 till date: CBIC

<span style="color: #222222;">Central Board of Indirect Taxes and Customs – CBIC has said that licences of 56 Customs Brokers including those of 37 from Delhi have been suspended since August 2019 till date. CBIC today  informed that the Directorate General of Analytics and Risk Management had carried out data analytics of Customs Brokers linked with fraudulent and unscrupulous exporters. After the  findings,  the decision was taken to suspend the licences of these  Customs Brokers.</span><br />'' <br />'' <span style="color: #222222;">CBIC said, all these suspended Customs Brokers can not transact business anymore. It said, an for 100 per cent examination of all import consignments have been ed considering the likelihood of malpractice in imports as well by the doubtful Customs Brokers.</span><br />'' <br />'' <span style="color: #222222;">CBIC said, this exercise revealed that 62 Customs Brokers  had handled more than 15,290 export consignments of 1,431 untraceable exporters. In one particular case, a Customs Broker has handled exports of 99 untraceable exporters who claimed over 121 crore rupees of IGST refund. <br />''<br />''These Customs Brokers' activities were under strong suspicion for quite some time and the officials were able to block IGST refund of 226 crore in these cases so far. CBIC said, the matter is under further investigation. </span><br />''  

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