https://www.taxtmi.com/highlights?id=23190 Penalty u/s 112 - import made in the name of other firm - Merely IEC holder lending the IEC to a third party is not an offence under the Customs Act and penalty for violation of Section 7 of Foreign Trade Development and Regulation Act 1992 cannot be imposed - AT en-us Tue, 02 Jun 2015 07:56:22 +0530 Tue, 02 Jun 2015 07:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23190 Penalty u/s 112 - import made in the name of other firm - Merely IEC holder lending the IEC to a third party is not an offence under the Customs Act and penalty for violation of Section 7 of Foreign Trade Development and Regulation Act 1992 cannot be imposed - AT Highlights Customs Tue, 02 Jun 2015 07:56:22 +0530 https://www.taxtmi.com/highlights?id=23190