Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Contravention of Sections 8(1), 8(3), 8(4) read with Section 64(2) of the Foreign Exchange Regulations Act, 1973 involving export of consignment from India to Singapore and its re-export at a significantly higher value. The mastermind arranged for import and export of the same machinery through financial institutions by over-invoicing, resulting in substantial release of foreign exchange in contravention of the Act. Despite allegations against financial institutions, their involvement was not proven. The Appellate Tribunal found gross violation of the provisions and dismissed the appeals, holding the mastermind responsible for obtaining foreign exchange through over-invoicing and engaging financial institutions.
Contravention of Sections 8(1), 8(3), 8(4) read with Section 64(2) of the Foreign Exchange Regulations Act, 1973 involving export of consignment from India to Singapore and its re-export at a significantly higher value. The mastermind arranged for import and export of the same machinery through financial institutions by over-invoicing, resulting in substantial release of foreign exchange in contravention of the Act. Despite allegations against financial institutions, their involvement was not proven. The Appellate Tribunal found gross violation of the provisions and dismissed the appeals, holding the mastermind responsible for obtaining foreign exchange through over-invoicing and engaging financial institutions.
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