https://www.taxtmi.com/caselaws?id=260117 Imports filed in the name of IEC holders did not, by itself, attract penalty under the Customs Act where there was no finding of misdeclaration, misrepresentation, or undervaluation. The Tribunal noted that goods were imported and bills of entry were filed in the name of IEC holders, and the appellant produced those IEC holders before the Revenue authorities. It held that the Customs Act contains no bar on importing goods in the name of an IEC holder, and that mere lending of an IEC does not, by itself, constitute an offence under that Act. Penalty was therefore held not imposable and the impugned order was set aside. en-us Wed, 14 Jan 2015 00:00:00 +0530 Thu, 05 Jun 2025 13:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260117 Imports filed in the name of IEC holders did not, by itself, attract penalty under the Customs Act where there was no finding of misdeclaration, misrepresentation, or undervaluation. The Tribunal noted that goods were imported and bills of entry were filed in the name of IEC holders, and the appellant produced those IEC holders before the Revenue authorities. It held that the Customs Act contains no bar on importing goods in the name of an IEC holder, and that mere lending of an IEC does not, by itself, constitute an offence under that Act. Penalty was therefore held not imposable and the impugned order was set aside. Case-Laws Customs Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260117