Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Steamer agents who lodge and verify an Import General Manifest as agents of a vessel's master may be treated as persons-in-charge of the conveyance for Customs purposes. The statutory responsibility covers proper accounting for manifested cargo, and liability for a cargo deficiency may arise where the agent cannot satisfactorily explain the shortfall. Import General Manifest filing is a verified declaration rather than mere notice of arrival; contractual terms in bills of lading do not displace that obligation. High Court answered the legal questions in Revenue's favour, restored the penalty for the unexplained deficiency, and set aside the Tribunal's contrary order.
Steamer agents who lodge and verify an Import General Manifest as agents of a vessel's master may be treated as persons-in-charge of the conveyance for Customs purposes. The statutory responsibility covers proper accounting for manifested cargo, and liability for a cargo deficiency may arise where the agent cannot satisfactorily explain the shortfall. Import General Manifest filing is a verified declaration rather than mere notice of arrival; contractual terms in bills of lading do not displace that obligation. High Court answered the legal questions in Revenue's favour, restored the penalty for the unexplained deficiency, and set aside the Tribunal's contrary order.
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