Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
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The HC held that under Section 110A of the Customs Act, 1962, the respondents are entitled to provisional release of the imported areca nut consignment upon furnishing a bond and security as mandated by the Adjudicating Authority. The court clarified that the learned Single Judge erred in directing release without security. The issue of classification under Chapter-VIII or Chapter-XX remains pending. Consequently, the respondents may secure release by providing a bank guarantee or equivalent security amounting to 25% of the consignment's value. The interim order was accordingly modified, and the appeal disposed of.
The HC held that under Section 110A of the Customs Act, 1962, the respondents are entitled to provisional release of the imported areca nut consignment upon furnishing a bond and security as mandated by the Adjudicating Authority. The court clarified that the learned Single Judge erred in directing release without security. The issue of classification under Chapter-VIII or Chapter-XX remains pending. Consequently, the respondents may secure release by providing a bank guarantee or equivalent security amounting to 25% of the consignment's value. The interim order was accordingly modified, and the appeal disposed of.
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