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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 28AAA: Duties Recoverable from Original Recipient if License Obtained by Fraudulent Means, Interest Applies from Usage Date.</h1> Section 28AAA of the Customs Act, introduced by the Finance Act, 2012, addresses the recovery of duties when an instrument, such as a scrip or license, is obtained through collusion, willful misstatement, or suppression of facts. If such an instrument is used by someone other than the original recipient, the duty is considered not exempt and is recoverable from the original recipient. Interest on the duty is also recoverable from the date of instrument utilization. The proper officer must notify the recipient, allowing them to contest the recovery. Failure to repay within 30 days results in enforced recovery.
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