Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
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Judicial review of a Look Out Circular is confined to testing whether the originating authority acted within constitutional and legal limits; it does not permit re-evaluation of that authority's subjective satisfaction that foreign travel would harm India's economic interests. Review may intervene where no material exists, or the material is speculative or so insubstantial that no reasonable authority could rely on it. Material relating to alleged trade-based money laundering, hawala transactions, over-invoiced exports, fraudulent export incentives, bogus purchases, fake invoices and undisclosed foreign investment was sufficient for the travel restriction. The Look Out Circular was upheld, the order quashing it was set aside, and the challenge was dismissed.
Judicial review of a Look Out Circular is confined to testing whether the originating authority acted within constitutional and legal limits; it does not permit re-evaluation of that authority's subjective satisfaction that foreign travel would harm India's economic interests. Review may intervene where no material exists, or the material is speculative or so insubstantial that no reasonable authority could rely on it. Material relating to alleged trade-based money laundering, hawala transactions, over-invoiced exports, fraudulent export incentives, bogus purchases, fake invoices and undisclosed foreign investment was sufficient for the travel restriction. The Look Out Circular was upheld, the order quashing it was set aside, and the challenge was dismissed.
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