Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Page of 4786
Press 'Enter' after typing page number.
61 to 80 of 95714 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The Delhi High Court allowed the application regarding money laundering and provisional attachment of property. The court ordered the substitution of the attached property, a land worth Rs. 4,68,60,710/-, with a bank guarantee of equivalent amount to be provided by the petitioner within 15 days. The bank guarantee will have a lien in favor of the respondent and will be kept active through periodic renewals until the trial concludes. If the respondents succeed, they can encash the bank guarantee. The petitioner must submit an affidavit undertaking not to create any interest in the bank guarantee for any other party. This decision aligns with Supreme Court precedents allowing substitution of attached property with financial instruments.
The Delhi High Court allowed the application regarding money laundering and provisional attachment of property. The court ordered the substitution of the attached property, a land worth Rs. 4,68,60,710/-, with a bank guarantee of equivalent amount to be provided by the petitioner within 15 days. The bank guarantee will have a lien in favor of the respondent and will be kept active through periodic renewals until the trial concludes. If the respondents succeed, they can encash the bank guarantee. The petitioner must submit an affidavit undertaking not to create any interest in the bank guarantee for any other party. This decision aligns with Supreme Court precedents allowing substitution of attached property with financial instruments.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
