https://www.taxtmi.com/highlights?id=66754 Levy of penalty of IEC code holder and middleman - Allowing third party to use its IEC code - Bonafide Belief - Misdeclaration of imported goods by third party - There is no active role played by these appellants save and except facilitating the use of IEC code by another for some monetary consideration - the penalty of Rs. 12 lakhs u/s 112(a) is reduced to Rs.50,000/- - AT en-us Fri, 25 Nov 2022 08:27:28 +0530 Fri, 25 Nov 2022 08:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66754 Levy of penalty of IEC code holder and middleman - Allowing third party to use its IEC code - Bonafide Belief - Misdeclaration of imported goods by third party - There is no active role played by these appellants save and except facilitating the use of IEC code by another for some monetary consideration - the penalty of Rs. 12 lakhs u/s 112(a) is reduced to Rs.50,000/- - AT Highlights Customs Fri, 25 Nov 2022 08:27:28 +0530 https://www.taxtmi.com/highlights?id=66754