Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Deliberate undervaluation of imported goods, when established by reliable documentary and electronic evidence corroborated by material on record, may support confiscation, redemption fine and penalties under the Customs Act. Post-detection payment of differential duty does not erase the completed contravention or extinguish penalty exposure, although it may mitigate the penalty quantum. A managing partner may incur separate personal liability where active involvement in import transactions and value misdeclaration is proved; this liability is independent of the partnership firm's penalty. The discussion concerns sustained penalties for undervaluation of imported furniture and refusal of complete waiver.
Deliberate undervaluation of imported goods, when established by reliable documentary and electronic evidence corroborated by material on record, may support confiscation, redemption fine and penalties under the Customs Act. Post-detection payment of differential duty does not erase the completed contravention or extinguish penalty exposure, although it may mitigate the penalty quantum. A managing partner may incur separate personal liability where active involvement in import transactions and value misdeclaration is proved; this liability is independent of the partnership firm's penalty. The discussion concerns sustained penalties for undervaluation of imported furniture and refusal of complete waiver.
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