Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Concessional duty under Sl. No. 5D(b) of Notfn. 57/2017-Cus for "inputs and parts for use in manufacture" was held applicable to imported inputs/parts placed in the display assembly manufacturing line even if they are subsequently damaged or scrapped and do not form part of the finished display assembly, since the phrase covers goods used in the manufacturing process and not merely those incorporated in the final product. IGCR provisions on defective/unutilized goods were treated as addressing goods defective at import and not restricting the notification's scope for process scrap. Benefit of exemption was thus allowed for such manufacturing scrap inputs/parts. - AAR
Concessional duty under Sl. No. 5D(b) of Notfn. 57/2017-Cus for "inputs and parts for use in manufacture" was held applicable to imported inputs/parts placed in the display assembly manufacturing line even if they are subsequently damaged or scrapped and do not form part of the finished display assembly, since the phrase covers goods used in the manufacturing process and not merely those incorporated in the final product. IGCR provisions on defective/unutilized goods were treated as addressing goods defective at import and not restricting the notification's scope for process scrap. Benefit of exemption was thus allowed for such manufacturing scrap inputs/parts. - AAR
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