Goods Not Prohibited Under Foreign Trade Policy Still Require Valid IEC; Import Using Bogus Codes Impermissible: CESTAT

The CESTAT (Customs, Excise, and Service Tax Appellate Tribunal) has ruled that goods not prohibited under Foreign Trade Policy still require a valid IEC (Import Export Code), and import using "bogus codes is impermissible." This decision highlights the importance of proper documentation and adherence to trade regulations. Even if goods are not explicitly restricted, every importer must possess a legitimate IEC. The use of fraudulent or invalid codes for import purposes is a serious violation, leading to the confiscation of goods and penalties, ensuring integrity in international trade.