Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
HC adjudicated a dispute regarding conversion of shipping bills under Advance Authorisation Scheme to Draw Back Scheme. The court invalidated the rejection based on a prior Gujarat HC ruling that deemed the restrictive circular ultra vires constitutional provisions and Customs Act. The court directed reconsideration of 104 shipping bills by the original authority, mandating a merit-based order within 12 weeks and providing IOCL a personal hearing. While technically dismissing the appeal, the ruling effectively mandated a comprehensive review of the original administrative decision, ensuring procedural fairness and statutory compliance.
HC adjudicated a dispute regarding conversion of shipping bills under Advance Authorisation Scheme to Draw Back Scheme. The court invalidated the rejection based on a prior Gujarat HC ruling that deemed the restrictive circular ultra vires constitutional provisions and Customs Act. The court directed reconsideration of 104 shipping bills by the original authority, mandating a merit-based order within 12 weeks and providing IOCL a personal hearing. While technically dismissing the appeal, the ruling effectively mandated a comprehensive review of the original administrative decision, ensuring procedural fairness and statutory compliance.
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