Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Pending inquiry, audit verification, query letters and DRI investigation did not amount to a formal proceeding raising the same question, so the Section 28I bar on an advance ruling application was not triggered and the application was maintainable. On merits, Serial No. 19 of Notification No. 11/2021-Customs was construed with Section 25(1) to mean that NIL AIDC is available where exemption from basic customs duty is claimed and allowed, whether the BCD relief is full or partial. The benefit was held applicable to eligible AIFTA and SAFTA imports, subject to the relevant notification conditions, including a valid certificate of origin and compliance with CAROTAR.
Pending inquiry, audit verification, query letters and DRI investigation did not amount to a formal proceeding raising the same question, so the Section 28I bar on an advance ruling application was not triggered and the application was maintainable. On merits, Serial No. 19 of Notification No. 11/2021-Customs was construed with Section 25(1) to mean that NIL AIDC is available where exemption from basic customs duty is claimed and allowed, whether the BCD relief is full or partial. The benefit was held applicable to eligible AIFTA and SAFTA imports, subject to the relevant notification conditions, including a valid certificate of origin and compliance with CAROTAR.
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