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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...
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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...
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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