Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Imported goods meant for warehousing in SEZ unit are eligible for relaxation from security demanded in provisional release order for re-export. Re-export of imported goods into SEZ is not subject to customs or excise duty levy, irrespective of any alleged offense. In cases of re-export, redemption fine was set aside and minimal penalty imposed, as per precedents. SEZ operations governed by SEZ Act and Customs Act, hence no mala fide intention to evade duty can be expected. Bond for total value of goods sufficient for releasing seized goods for re-export. Judgments cited by revenue not applicable to SEZ unit or warehouse. Observation limited to provisional release for re-export only, not influencing adjudication under show cause notice.
Imported goods meant for warehousing in SEZ unit are eligible for relaxation from security demanded in provisional release order for re-export. Re-export of imported goods into SEZ is not subject to customs or excise duty levy, irrespective of any alleged offense. In cases of re-export, redemption fine was set aside and minimal penalty imposed, as per precedents. SEZ operations governed by SEZ Act and Customs Act, hence no mala fide intention to evade duty can be expected. Bond for total value of goods sufficient for releasing seized goods for re-export. Judgments cited by revenue not applicable to SEZ unit or warehouse. Observation limited to provisional release for re-export only, not influencing adjudication under show cause notice.
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