Penalty on exchange vacated for lack of evidence that exchange authorized subsidiaries' investments; Regulations 43(1) 2012 and 38(2) 2018 inapplicabl...
Petitioner not an eligible assessee under s.144C(15)(b); draft and final assessments under s.144C(1)/s.143(3)/s.144B quashed and penalty show-cause no...
HC allowed the petition in part, holding the petitioner's claim for duty drawback prima facie genuine and dispensing with requirement to file a statutory appeal under s. 128 of the Customs Act, 1962. The impugned order was quashed insofar as it rejected drawback related to two specified shipping bills and the matter remitted to the first respondent for fresh adjudication. The petitioner is directed to file the Bank Realisation Certificate and to explain the asserted discrepancy in its date before the first respondent. The remand is limited to re-examination of the two shipping bills on receipt of the specified documents; petition disposed of.
HC allowed the petition in part, holding the petitioner's claim for duty drawback prima facie genuine and dispensing with requirement to file a statutory appeal under s. 128 of the Customs Act, 1962. The impugned order was quashed insofar as it rejected drawback related to two specified shipping bills and the matter remitted to the first respondent for fresh adjudication. The petitioner is directed to file the Bank Realisation Certificate and to explain the asserted discrepancy in its date before the first respondent. The remand is limited to re-examination of the two shipping bills on receipt of the specified documents; petition disposed of.
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