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Section 28aaa

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(Querist)
24 April 2016 Dear all, Can anyone please help me as to what Section 28AAA means in simplified way, if possible with example? Please reply.
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CA Prateek Garg

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CA Prateek Garg (Expert)
25 April 2016 section 28AAA of which act?
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CA Ankith Jain

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CA Ankith Jain (Querist)
25 April 2016 28AAA of customs act sir.
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CA Ankith Jain

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CA Ankith Jain (Querist)
25 April 2016 Customs act sir
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Dr.RAMAKRISHNA. C

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Dr.RAMAKRISHNA. C (Expert)
25 August 2016 Section 28 AAA of the Customs Act 1962 , prescribes the procedure to recover Customs Duty in case of fraudulent acquisition of instrument for the purpose of Customs Act or Foreign Trade ( Development & Regulation) Act 1992 as amended. For example A misuses duty free inputs/ capital goods without discharge of export obligation under foreign trade policy , under section 28AAA of Customs Act, the consignment (s) of import of A can be confiscated towards penalty payable on the misuse of inputs /capital goods.
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