https://www.taxtmi.com/caselaws?id=798539 Lending an Importer-Exporter Code for consideration breaches the Foreign Trade Policy requirement that imports and exports use the code allotted to the concerned person and may attract customs penalty under Section 112. Penal liability must nevertheless remain proportionate to the established contravention; use of a different code in the offending import establishes no nexus with earlier lending. Penalty under Section 114AA is inapplicable where the subsequent import was filed under the importing entity's own code and is unconnected with the lender's earlier transactions. en-us Wed, 22 Jul 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798539 Lending an Importer-Exporter Code for consideration breaches the Foreign Trade Policy requirement that imports and exports use the code allotted to the concerned person and may attract customs penalty under Section 112. Penal liability must nevertheless remain proportionate to the established contravention; use of a different code in the offending import establishes no nexus with earlier lending. Penalty under Section 114AA is inapplicable where the subsequent import was filed under the importing entity's own code and is unconnected with the lender's earlier transactions. Case-Laws Customs Wed, 22 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798539