Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Violation of importing restricted goods - Import of Litebee wing-Nano Drone Components kits - Re-export of goods - The Tribunal examined the regulations governing the import of drones, particularly highlighting restrictions and requirements imposed by DGFT notifications. It concluded that while import of drones for educational purposes was not outrightly prohibited, certain conditions and approvals were necessary, which the appellant did not meet. As a result, the Tribunal upheld the confiscation of the drone but allowed redemption for re-export to Qatar due to the delay in proceedings.
Violation of importing restricted goods - Import of Litebee wing-Nano Drone Components kits - Re-export of goods - The Tribunal examined the regulations governing the import of drones, particularly highlighting restrictions and requirements imposed by DGFT notifications. It concluded that while import of drones for educational purposes was not outrightly prohibited, certain conditions and approvals were necessary, which the appellant did not meet. As a result, the Tribunal upheld the confiscation of the drone but allowed redemption for re-export to Qatar due to the delay in proceedings.
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