Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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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