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    June 1, 2026   Case Laws Customs
    Exemption notification disputes on Special Additional Duty were held to lie only in the Supreme Court, not the High Court.
    June 1, 2026   Case Laws Customs
    Classification of AKD Wax as prepared wax upheld, while extended period, old-goods confiscation and penalties were set aside.
    June 1, 2026   Case Laws Customs
    Customs valuation disputes require admissible proof of undervaluation; uncorroborated parallel invoices and retracted statements cannot displace decla...
    June 1, 2026   Case Laws Customs
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    June 1, 2026   Case Laws Customs
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    June 1, 2026   Case Laws Customs
    Customs broker due diligence lapses attract penalty, but absence of knowledge of smuggling justifies only a nominal sanction.
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    May 30, 2026   Case Laws Indian Laws
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    May 30, 2026   Notifications Companies Law
    CSR through zero coupon zero principal instruments is permitted, with spending caps, reporting duties, and limited compliance exemptions.
    May 30, 2026   Notifications Companies Law
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    May 30, 2026   Circulars DGFT
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June 1, 2026   Case Laws Customs
Exemption notification disputes on Special Additional Duty were held to lie only in the Supreme Court, not the High Court.
June 1, 2026   Case Laws Customs
Classification of AKD Wax as prepared wax upheld, while extended period, old-goods confiscation and penalties were set aside.
June 1, 2026   Case Laws Customs
Customs valuation disputes require admissible proof of undervaluation; uncorroborated parallel invoices and retracted statements cannot displace declared value.
June 1, 2026   Case Laws Customs
Refund claim cannot be rejected for a formal defect in the Chartered Accountant certificate when genuineness is undisputed.
June 1, 2026   Case Laws Customs
EPCG third-party exports and restored EODCs can sustain export obligation compliance; customs cannot ignore DGFT determinations.
June 1, 2026   Case Laws Customs
Functional test for telecom equipment classification upheld for imported Airspan Air Velocity 2700 under the claimed tariff heading.
June 1, 2026   Case Laws Customs
Specific tariff headings prevail over general furniture entries for kitchen storage accessories and fittings.
June 1, 2026   Case Laws Customs
Customs broker due diligence lapses attract penalty, but absence of knowledge of smuggling justifies only a nominal sanction.
June 1, 2026   Case Laws Customs
Customs classification of telecom equipment remanded for fresh examination of technical literature and product functionality.
June 1, 2026   Case Laws SEBI
Disclosure breach in derivatives trading upheld, but PFUTP fraud and disgorgement failed for lack of proven manipulation.
June 1, 2026   Case Laws Service Tax
Trailer hire treated as supply of tangible goods, with extended limitation and penalties upheld, subject to limited recomputation.
June 1, 2026   Case Laws Service Tax
Valid service on authorised representative made the appeal time-barred beyond the statutory condonation period.
June 1, 2026   Case Laws Indian Laws
Bank loan compromise with DRT approval can justify quashing criminal prosecution as an abuse of process.
June 1, 2026   Case Laws Indian Laws
Criminal appeal in absentia requires reasoned scrutiny and amicus assistance; defective appellate disposal was set aside despite barred delay.
May 30, 2026   Case Laws GST
GST on staked online gaming and betting upheld, with full stake value treated as taxable consideration.
May 30, 2026   Case Laws Indian Laws
State power over betting on games of skill upheld; online money gaming laws sustained against arbitrariness and proportionality challenges.
May 30, 2026   Notifications Companies Law
CSR through zero coupon zero principal instruments is permitted, with spending caps, reporting duties, and limited compliance exemptions.
May 30, 2026   Notifications Companies Law
CSR Schedule VII expanded to include subscription to zero coupon zero principal instruments on Social Stock Exchange.
May 30, 2026   Circulars DGFT
Revised Standard Input Output Norms for chemical and allied products apply immediately, updating key input ratios for exports.
May 30, 2026   Circulars GST - States
GST registration verification tightened with risk scoring, mandatory physical checks, six-month re-verification, and action against NGTPs.

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Indian Laws

The Negotiable Instruments Act, 1881 was enacted to define and...

Cheque Dishonor Penalties Under Negotiable Instruments Act Upheld; Civil Remedies Unaffected by Money Lenders Act.

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Indian Laws October 18, 2024 Case Laws HC
The Negotiable Instruments Act, 1881 was enacted to define and amend laws relating to promissory notes, bills of exchange, and cheques. Section 138, introduced through the Banking, Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988, provides penalties for dishonor of cheques due to insufficient funds. Subsequent amendments aimed to expedite cases through summary trials and make offenses compoundable. The Supreme Court highlighted the objective of instilling faith in banking operations and preventing dishonesty in drawing cheques without sufficient funds. The Bengal Money Lenders Act, 1940 and Chapter XVII of the Negotiable Instruments Act operate independently with distinct objectives. There is no conflict between provisions, and civil remedies for unlicensed money lenders are not barred by criminal penalties u/s 138. The High Court dismissed the revision application, finding no merit in claims of abuse of process.
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