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Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
HC quashed show cause notices related to duty drawback claims for de-oiled cake exports. The court determined that exporters were ineligible for 1% FOB drawback because hexane suppliers had not paid central excise duty. Following precedential decisions in similar cases, the court invalidated the original orders and show cause notices issued between 2010-2011, which were adjudicated after an excessive 11-12 year delay. The petitions were ultimately successful, with the court setting aside the administrative proceedings and associated penalties.
HC quashed show cause notices related to duty drawback claims for de-oiled cake exports. The court determined that exporters were ineligible for 1% FOB drawback because hexane suppliers had not paid central excise duty. Following precedential decisions in similar cases, the court invalidated the original orders and show cause notices issued between 2010-2011, which were adjudicated after an excessive 11-12 year delay. The petitions were ultimately successful, with the court setting aside the administrative proceedings and associated penalties.
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TaxTMI 
TaxTMI 
