https://www.taxtmi.com/caselaws?id=336462 The court quashed the order demanding refund and imposing penalties on the petitioner under the Foreign Trade Act, 1992, for availing benefits under the VKGUY Scheme. The petitioner, after unconditionally depositing the demanded amount, was granted the opportunity for a review of show cause notices solely concerning interest and fiscal penalties. The court emphasized procedural fairness, allowing the petitioner to present their case effectively and requesting removal from the Denial Entity List upon compliance. en-us Tue, 22 Nov 2016 00:00:00 +0530 Thu, 22 Dec 2016 12:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336462 The court quashed the order demanding refund and imposing penalties on the petitioner under the Foreign Trade Act, 1992, for availing benefits under the VKGUY Scheme. The petitioner, after unconditionally depositing the demanded amount, was granted the opportunity for a review of show cause notices solely concerning interest and fiscal penalties. The court emphasized procedural fairness, allowing the petitioner to present their case effectively and requesting removal from the Denial Entity List upon compliance. Case-Laws Customs Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336462