Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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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