Lending of IEC is not an offence under Customs Act hence penalty u/s. 114AA deleted

GND Cargo Movers Vs Commissioner of Customs (CESTAT Delhi) CESTAT Delhi held that lending of IEC Code is not an offence under the Customs Act. Accordingly, penalty under section 114AA of the Customs Act imposed for the same is not sustainable and liable to be set aside. Facts- The appellant as a holder of a customs broker license. A show cause notice dated 20.05.2013 was issued to the appellant alleging violation of regulation 13 (d) and (e) of the Customs House Agents, Licensing Regulations, 2004 for a reason that the appellant accepted the IEC of an import firm mentioned by Ashok Kumar Agarw...