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...
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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