https://www.taxtmi.com/caselaws?id=247364 The Tribunal ruled against the Revenue's appeal seeking confiscation of goods and penalty imposition under Sections 113(d) and 114 of the Customs Act, 1962 due to the non-possession of Importer-Exporter Code (IEC). It held that the absence of IEC does not automatically warrant confiscation or penalty imposition, especially when the exporter complied with manual Shipping Bill requirements permitted by the Revenue. The judgment highlights the necessity to consider specific circumstances and statutory provisions before ordering confiscation or penalties, emphasizing legal compliance as pivotal in such cases. en-us Tue, 05 Nov 2013 00:00:00 +0530 Fri, 09 May 2014 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247364 The Tribunal ruled against the Revenue's appeal seeking confiscation of goods and penalty imposition under Sections 113(d) and 114 of the Customs Act, 1962 due to the non-possession of Importer-Exporter Code (IEC). It held that the absence of IEC does not automatically warrant confiscation or penalty imposition, especially when the exporter complied with manual Shipping Bill requirements permitted by the Revenue. The judgment highlights the necessity to consider specific circumstances and statutory provisions before ordering confiscation or penalties, emphasizing legal compliance as pivotal in such cases. Case-Laws Customs Tue, 05 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247364