Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Pendency of arbitration over underlying loan transactions does not prevent initiation of wilful-defaulter proceedings where borrowers are alleged to have disposed of assets securing credit facilities without lender approval. Such alleged conduct falls within the RBI Directions, 2024, and a show-cause notice founded on identified assets and supplied documentary material represents only a prima facie view. Borrowers must respond before the competent committees decide the matter and may use the available review process thereafter. The challenge was treated as premature; the notice remained in force and the response period was extended by two weeks.
Pendency of arbitration over underlying loan transactions does not prevent initiation of wilful-defaulter proceedings where borrowers are alleged to have disposed of assets securing credit facilities without lender approval. Such alleged conduct falls within the RBI Directions, 2024, and a show-cause notice founded on identified assets and supplied documentary material represents only a prima facie view. Borrowers must respond before the competent committees decide the matter and may use the available review process thereafter. The challenge was treated as premature; the notice remained in force and the response period was extended by two weeks.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4878 
