Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
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HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
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