Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
Statutory exemption certificates issued by the High Powered Committee could not be questioned by the Commissioner through a show-cause notice alleging fraud or misrepresentation. The exemption notification vested the Committee alone with authority to certify a new industrial unit and eligible plant-and-machinery investment; departmental authorities had accepted those certificates, verified installation and granted refunds. Any alleged misrepresentation had to be placed before the issuing Committee, not determined by the Commissioner. As the notice reopened settled refunds without authority and subsequent cess proceedings contained no fraud allegation, the HC treated it as arbitrary, an abuse of power and without jurisdiction, and quashed it in writ jurisdiction.
Statutory exemption certificates issued by the High Powered Committee could not be questioned by the Commissioner through a show-cause notice alleging fraud or misrepresentation. The exemption notification vested the Committee alone with authority to certify a new industrial unit and eligible plant-and-machinery investment; departmental authorities had accepted those certificates, verified installation and granted refunds. Any alleged misrepresentation had to be placed before the issuing Committee, not determined by the Commissioner. As the notice reopened settled refunds without authority and subsequent cess proceedings contained no fraud allegation, the HC treated it as arbitrary, an abuse of power and without jurisdiction, and quashed it in writ jurisdiction.
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