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...
Market Infrastructure Institutions (MIIs) must place requests for review, appeal, or waiver of penalties related to actions by their Internal Committee before the Member Committee (MC). However, requests challenging actions taken by the MC itself will be handled by a separate mechanism established by the MII's Governing Board, including Public Interest Directors or Independent External Professionals not part of the MC. The Governing Board will issue a Standard Operating Procedure for this process. Further appeals beyond this mechanism may be directed to appropriate authorities under applicable laws. These provisions will be effective 45 days from the circular's issuance, and MIIs are required to update their systems, byelaws, and notify market participants accordingly. This framework aims to streamline penalty-related appeals while safeguarding investor interests and ensuring regulatory compliance.
Market Infrastructure Institutions (MIIs) must place requests for review, appeal, or waiver of penalties related to actions by their Internal Committee before the Member Committee (MC). However, requests challenging actions taken by the MC itself will be handled by a separate mechanism established by the MII's Governing Board, including Public Interest Directors or Independent External Professionals not part of the MC. The Governing Board will issue a Standard Operating Procedure for this process. Further appeals beyond this mechanism may be directed to appropriate authorities under applicable laws. These provisions will be effective 45 days from the circular's issuance, and MIIs are required to update their systems, byelaws, and notify market participants accordingly. This framework aims to streamline penalty-related appeals while safeguarding investor interests and ensuring regulatory compliance.
Note: It is a system-generated summary and is for quick reference only.
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