Permanent IEC can be used for import of goods for personal use not connected with manufacture or agriculture

Subodh Menon Vs Commissioner of Customs (CESTAT Mumbai) No violation of procedure under Foreign Trade Policy if goods imported for personal use against Bill of Entry without having IEC The Hon’ble Customs, Excise & Services Tax Appellate Tribunal, Mumbai (“CESTAT”) in the matter of Mr. Subodh Menon v.Commissioner of Customs, ACC Mumbai [Final Order No. A/87045/2021 dated November 03, 2021], held that under the provisions of Customs Act, 1962 (“the Customs Act”) the order of confiscation with an option for redemption fine and penalty for importer not having Importer Exporter Code ...