Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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HC allows petition challenging DGFT Notification No.68/2023, setting aside the rejection of Advance Authorisation for Raw Petroleum Coke import. The court remitted the matter to respondents for fresh consideration, directing DGFT to provide personal hearing to petitioners. The ruling emphasizes compliance with CAQM order and Supreme Court precedents, permitting deemed exports to SEZ units. The decision mandates reconsideration of the petitioner's application under Foreign Trade Policy, 2023, with interim relief to supply Calcined Petroleum Coke to SEZ units pending final determination.
HC allows petition challenging DGFT Notification No.68/2023, setting aside the rejection of Advance Authorisation for Raw Petroleum Coke import. The court remitted the matter to respondents for fresh consideration, directing DGFT to provide personal hearing to petitioners. The ruling emphasizes compliance with CAQM order and Supreme Court precedents, permitting deemed exports to SEZ units. The decision mandates reconsideration of the petitioner's application under Foreign Trade Policy, 2023, with interim relief to supply Calcined Petroleum Coke to SEZ units pending final determination.
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