Importer-Exporter Code misuse warns of suspension or penalty under the foreign trade regulatory framework for unauthorized use. Use of Importer-Exporter Code (IEC) by any person other than the IEC holder is prohibited; Section 7 of the Foreign Trade (Development and Regulation) Act and Rule 12 of the Foreign Trade (Regulation) Rules together with Para 2.9.2 of the Handbook of Procedures confirm IEC validity for the holder (and its branches/divisions) only, with limited exemptions for entities using permanent common IECs. Unauthorized use attracts suspension, cancellation or penalty under the Act and Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Importer-Exporter Code misuse warns of suspension or penalty under the foreign trade regulatory framework for unauthorized use.
Use of Importer-Exporter Code (IEC) by any person other than the IEC holder is prohibited; Section 7 of the Foreign Trade (Development and Regulation) Act and Rule 12 of the Foreign Trade (Regulation) Rules together with Para 2.9.2 of the Handbook of Procedures confirm IEC validity for the holder (and its branches/divisions) only, with limited exemptions for entities using permanent common IECs. Unauthorized use attracts suspension, cancellation or penalty under the Act and Rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
