Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the complaint lacked sufficient grounds, as the predicate offense initiated by the CBI was pending, and there was no evidence linking the funds used for property purchase to proceeds of crime. However, the court upheld the constitutionality and interpretation of the PMLA as clarified by the Supreme Court in Vijay Madanlal Choudhary case. It emphasized that money laundering is a continuous process, and prosecution under the PMLA can be initiated independently of the status of the scheduled offense.
The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the complaint lacked sufficient grounds, as the predicate offense initiated by the CBI was pending, and there was no evidence linking the funds used for property purchase to proceeds of crime. However, the court upheld the constitutionality and interpretation of the PMLA as clarified by the Supreme Court in Vijay Madanlal Choudhary case. It emphasized that money laundering is a continuous process, and prosecution under the PMLA can be initiated independently of the status of the scheduled offense.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
