Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
CESTAT adjudicated a customs export scheme dispute involving penalty provisions under sections 114(iii) and 114AA of the Customs Act, 1962. The tribunal ruled that statements recorded under section 108 cannot be considered admissible evidence under section 138B without proper cross-examination procedures. The tribunal found the penalty imposition against the parties was unsupported by substantive evidence, specifically rejecting statements recorded without procedural safeguards. Consequently, the tribunal allowed the appeal, effectively quashing the penalties imposed on the exporters for alleged improper diversion of goods under the Focus Market Scheme.
CESTAT adjudicated a customs export scheme dispute involving penalty provisions under sections 114(iii) and 114AA of the Customs Act, 1962. The tribunal ruled that statements recorded under section 108 cannot be considered admissible evidence under section 138B without proper cross-examination procedures. The tribunal found the penalty imposition against the parties was unsupported by substantive evidence, specifically rejecting statements recorded without procedural safeguards. Consequently, the tribunal allowed the appeal, effectively quashing the penalties imposed on the exporters for alleged improper diversion of goods under the Focus Market Scheme.
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