https://www.taxtmi.com/caselaws?id=757259 The Bombay HC held that the Adjudicating Authority under the Foreign Trade Act, 1992 lacks jurisdiction to adjudicate claims for interest payment. The petitioner had exported inadmissible products and received cash premiums they weren't entitled to, which were later paid back under SC orders. While the respondent sought interest on these amounts, the court found no provision in the FT Act authorizing adjudication of interest claims, as the Act only permits penalties and confiscations. The court allowed the petition, restraining respondents from placing petitioner on the Denied Entity List, while noting they could pursue interest claims through appropriate legal forums. en-us Mon, 12 Aug 2024 00:00:00 +0530 Tue, 20 Aug 2024 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757259 The Bombay HC held that the Adjudicating Authority under the Foreign Trade Act, 1992 lacks jurisdiction to adjudicate claims for interest payment. The petitioner had exported inadmissible products and received cash premiums they weren't entitled to, which were later paid back under SC orders. While the respondent sought interest on these amounts, the court found no provision in the FT Act authorizing adjudication of interest claims, as the Act only permits penalties and confiscations. The court allowed the petition, restraining respondents from placing petitioner on the Denied Entity List, while noting they could pursue interest claims through appropriate legal forums. Case-Laws Customs Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757259