Using Another Firm's IEC Doesn't Violate Customs Act; No Penalty u/s 7 of Foreign Trade Act.

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 .....

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