Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
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IBC moratorium protects the corporate debtor but does not suspend or extinguish the personal statutory liability of directors or authorised signatories for cheque dishonour under the Negotiable Instruments Act. Expiry of the payment period after commencement of the moratorium is relevant but not conclusive. Specific allegations concerning the signatory's responsibility, issuance of cheques, and admitted signatures can sustain prosecution despite suspension of the board's powers, which does not retrospectively erase pre-moratorium acts. Defences based on knowledge, due diligence, or appointment of an insolvency professional require trial evidence and cannot ordinarily be determined in quashing proceedings. Accordingly, the moratorium did not bar the cheque-dishonour prosecution.
IBC moratorium protects the corporate debtor but does not suspend or extinguish the personal statutory liability of directors or authorised signatories for cheque dishonour under the Negotiable Instruments Act. Expiry of the payment period after commencement of the moratorium is relevant but not conclusive. Specific allegations concerning the signatory's responsibility, issuance of cheques, and admitted signatures can sustain prosecution despite suspension of the board's powers, which does not retrospectively erase pre-moratorium acts. Defences based on knowledge, due diligence, or appointment of an insolvency professional require trial evidence and cannot ordinarily be determined in quashing proceedings. Accordingly, the moratorium did not bar the cheque-dishonour prosecution.
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