Withdrawal of obsolete FEMA circulars streamlines rules on external commercial borrowings, non-resident bond investments, and money transfer sub-agent...
Departmental appeal limitation after call-book recall preserves original filing, while documented correlation supports SAD refund on imported granules...
Income-tax prosecution fails when appellate remand removes its factual foundation; directors require company arraignment for vicarious criminal liabil...
Page of 4881
Press 'Enter' after typing page number.
881 to 900 of 97618 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Show-cause notice requirements preclude adjudication on material factual and legal grounds not alleged in the notice. Findings that an authorised courier was the consignor or exporter, lacked consignor authorisation, or knowingly participated in prohibited exports could not stand where the notice alleged only unauthorised outsourcing and deficient KYC compliance. KYC rules required reliable, independent and authentic verification material, not necessarily two identity documents; a genuine driving licence could suffice absent evidence that identity or address was unverifiable. Physical consignment pick-up was not a regulated assessment or clearance function, so its outsourcing did not establish a breach. Mere courier declarations and concealed prohibited goods did not prove knowledge, intent or facilitation; the penalties and impugned order were set aside.
Show-cause notice requirements preclude adjudication on material factual and legal grounds not alleged in the notice. Findings that an authorised courier was the consignor or exporter, lacked consignor authorisation, or knowingly participated in prohibited exports could not stand where the notice alleged only unauthorised outsourcing and deficient KYC compliance. KYC rules required reliable, independent and authentic verification material, not necessarily two identity documents; a genuine driving licence could suffice absent evidence that identity or address was unverifiable. Physical consignment pick-up was not a regulated assessment or clearance function, so its outsourcing did not establish a breach. Mere courier declarations and concealed prohibited goods did not prove knowledge, intent or facilitation; the penalties and impugned order were set aside.
Note: It is a system-generated summary and is for quick reference only.