Candidate Who Undertakes Degree Course With Two Main Subjects Would Get Advantage Of Two Main Degrees: Kerala High Court

The Kerala High Court ruled that the provisions of the Foreign Trade Policy cannot authorize the levy of interest under Section 28AA of the Foreign Trade (Development and Regulation) Act. The Court clarified that any levy of interest must be supported by a plenary legislation, not just administrative rules under the foreign trade policy. This judgment ensures that interest levies are consistent with the broader framework of Indian law, reinforcing the principle that administrative powers should not override established legal standards. The ruling has significant implications for trade and tax law enforcement in India.