NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Issue was whether an importer classified as a small enterprise could claim the benefit of the amended regulatory order extending permission to sell/display/offer declared stock up to 31.12.2025. The court held that the later amendment expressly added "importer" and the schedules were unchanged; since the petitioner's status as importer and MSME registration were undisputed, the extended deadline applied, entitling sale up to 31.12.2025. A further issue was release of imported goods despite pending tribunal proceedings; since CESTAT had kept the order-in-original in abeyance, its quasi-judicial order had to be given effect and the goods were directed to be released, conditional on deposit of Rs. 15,00,000 within 24 hours, failing which relief would lapse - HC
Issue was whether an importer classified as a small enterprise could claim the benefit of the amended regulatory order extending permission to sell/display/offer declared stock up to 31.12.2025. The court held that the later amendment expressly added "importer" and the schedules were unchanged; since the petitioner's status as importer and MSME registration were undisputed, the extended deadline applied, entitling sale up to 31.12.2025. A further issue was release of imported goods despite pending tribunal proceedings; since CESTAT had kept the order-in-original in abeyance, its quasi-judicial order had to be given effect and the goods were directed to be released, conditional on deposit of Rs. 15,00,000 within 24 hours, failing which relief would lapse - HC
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