Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The AT upheld the regulatory violation by the insurer for collecting advance renewal premiums without proper documented consent, in contravention of IRDA (Protection of Policyholders' Interests) Regulations, 2002. The tribunal rejected the insurer's arguments regarding corporate agent practices and regulatory compliance. The penalty of Rs. 1 crore was deemed proportionate, with the appeal partially allowed. The final order mandated the insurer to refund interest to policyholders limited to the actual advance premium received, with an additional 2% penal interest, thereby affirming regulatory oversight and policyholder protection principles.
The AT upheld the regulatory violation by the insurer for collecting advance renewal premiums without proper documented consent, in contravention of IRDA (Protection of Policyholders' Interests) Regulations, 2002. The tribunal rejected the insurer's arguments regarding corporate agent practices and regulatory compliance. The penalty of Rs. 1 crore was deemed proportionate, with the appeal partially allowed. The final order mandated the insurer to refund interest to policyholders limited to the actual advance premium received, with an additional 2% penal interest, thereby affirming regulatory oversight and policyholder protection principles.
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