Importer Aware of IEC Code Misuse: Delhi HC Upholds ₹83 Lakh Penalty in Customs Duty Evasion [Read Order]

Delhi High Court upholds Rs. 83 lakh penalty on importer for customs duty evasion, finding deliberate misuse of IEC code and collusion in fraudulent imports
Importer Aware - IEC Code Misuse - Delhi HC Penalty - Customs Duty Evasion - taxscan

In a recent order, the Delhi High Court found that importers were aware of the Importer Exporter Code (IEC) misuse and upheld a penalty and customs duty demand of Rs. 83 lakh. The appeal was filed under Section 130 of the Customs Act, 1962, challenging the final order of the Customs, Excise & Service Tax…

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