https://www.taxtmi.com/caselaws?id=203505 Misuse of another importer's IEC code and use of front entities justified confiscation under section 111(d) of the Customs Act read with foreign trade restrictions, but the goods were not prohibited goods and were therefore redeemable under section 125 on payment of fine. The Tribunal rejected absolute confiscation and allowed redemption. On penalties, it held that the same conduct did not warrant cumulative penalties under sections 112(a) and 114AA; the section 112(a) penalty was set aside and the section 114AA penalty was reduced. en-us Tue, 08 Mar 2011 00:00:00 +0530 Fri, 07 Jun 2013 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203505 Misuse of another importer's IEC code and use of front entities justified confiscation under section 111(d) of the Customs Act read with foreign trade restrictions, but the goods were not prohibited goods and were therefore redeemable under section 125 on payment of fine. The Tribunal rejected absolute confiscation and allowed redemption. On penalties, it held that the same conduct did not warrant cumulative penalties under sections 112(a) and 114AA; the section 112(a) penalty was set aside and the section 114AA penalty was reduced. Case-Laws Customs Tue, 08 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203505