Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Proviso to Section 68 allows an owner of warehoused goods to relinquish title at any time before an order for clearance for home consumption, and that relinquishment removes liability to customs duty unless an offence appears to have been committed. The text further states that relinquishment after issue of a show-cause notice does not by itself take away this benefit. On the stated facts, no offence under the Customs Act, 1962 was found, so the demands of duty, redemption fine and penalty were not sustainable.
Proviso to Section 68 allows an owner of warehoused goods to relinquish title at any time before an order for clearance for home consumption, and that relinquishment removes liability to customs duty unless an offence appears to have been committed. The text further states that relinquishment after issue of a show-cause notice does not by itself take away this benefit. On the stated facts, no offence under the Customs Act, 1962 was found, so the demands of duty, redemption fine and penalty were not sustainable.
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