Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
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The High Court considered the issue of penalty levy for exporting dimensional blocks directly from unlicensed quarries u/s 11(2) of the Foreign Trade (Development and Regulation) Act, 1992. The petitioner exported from the quarry site instead of the licensed premises specified in the Letter of Permission. The Court noted the breach of civil obligations attracting penalty, emphasizing that penalty for tax delinquency is civil and coercive, distinct from criminal penalties. The Court upheld the penalty imposition, finding no illegality, and dismissed the petition. The petitioner's failure to comply with export regulations led to the penalty levy.
The High Court considered the issue of penalty levy for exporting dimensional blocks directly from unlicensed quarries u/s 11(2) of the Foreign Trade (Development and Regulation) Act, 1992. The petitioner exported from the quarry site instead of the licensed premises specified in the Letter of Permission. The Court noted the breach of civil obligations attracting penalty, emphasizing that penalty for tax delinquency is civil and coercive, distinct from criminal penalties. The Court upheld the penalty imposition, finding no illegality, and dismissed the petition. The petitioner's failure to comply with export regulations led to the penalty levy.
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