Interest u/s. 28AA of Customs Act not leviable on person ineligible for benefit under FTP: Kerala HC

Braddock Infotech Private Limited Vs Joint Director General of Foreign Trade (Kerala High Court) Kerala High Court held that person found ineligible for any benefit received under the terms of any scheme under the Foreign Trade Policy (FTP) is not liable to pay interest under section 28AA of the Customs Act, 1962. Facts- The petitioner is a Private Ltd. Company. The petitioner is engaged in ‘placement and supply services of personnel’ which was entitled to duty credit scrip as rewards in terms of Chapter 3 of the Foreign Trade Policy (2015-2020) formulated for Service Exports from ...