Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
The High Court held that the mid-year review and revision of Tariff Rate Quota (TRQ) allocations conducted by the Respondents without affording an opportunity of hearing and sufficient prior notice to the Petitioners lacked specified criteria and was procedurally flawed. The Court directed the Directorate General of Foreign Trade (DGFT) to examine the issues raised by the Petitioners and issue a fresh decision based on the review within three weeks, maintaining the current allocations until then. The petitions were disposed of.
The High Court held that the mid-year review and revision of Tariff Rate Quota (TRQ) allocations conducted by the Respondents without affording an opportunity of hearing and sufficient prior notice to the Petitioners lacked specified criteria and was procedurally flawed. The Court directed the Directorate General of Foreign Trade (DGFT) to examine the issues raised by the Petitioners and issue a fresh decision based on the review within three weeks, maintaining the current allocations until then. The petitions were disposed of.
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