https://www.taxtmi.com/acts?id=16396 Where an instrument issued under the Foreign Trade Act that confers fiscal benefits is obtained by collusion, wilful misstatement or suppression of facts and is utilised by a person other than the instrument-holder, the duty attributable to that utilisation shall be deemed never exempted and shall be recovered from the person to whom the instrument was issued; that person is liable for interest from the date of utilisation until recovery, and recovery follows a show-cause notice, determination and order requiring repayment within thirty days, provided no prior duty-determining order under the alternative recovery provision exists. en-us Tue, 29 May 2012 17:00:22 +0530 Tue, 29 May 2012 17:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16396 Where an instrument issued under the Foreign Trade Act that confers fiscal benefits is obtained by collusion, wilful misstatement or suppression of facts and is utilised by a person other than the instrument-holder, the duty attributable to that utilisation shall be deemed never exempted and shall be recovered from the person to whom the instrument was issued; that person is liable for interest from the date of utilisation until recovery, and recovery follows a show-cause notice, determination and order requiring repayment within thirty days, provided no prior duty-determining order under the alternative recovery provision exists. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 17:00:22 +0530 https://www.taxtmi.com/acts?id=16396