Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
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...
Redemption fine imposed under s.125 of the Customs Act for import of a used car in violation of Foreign Trade Policy conditions was waived because the importer declined to redeem the seized vehicle, citing its disfigured condition and lack of roadworthiness, and the tribunal accepted the prayer in the miscellaneous application. Penalty under s.112(a) was legally leviable for the unauthorised import, but was reduced on equitable consideration that the import occurred without awareness of applicable import laws and under exceptional personal circumstances compelling the importer's return to India; the appeal was partly allowed to that extent. - CESTAT
Redemption fine imposed under s.125 of the Customs Act for import of a used car in violation of Foreign Trade Policy conditions was waived because the importer declined to redeem the seized vehicle, citing its disfigured condition and lack of roadworthiness, and the tribunal accepted the prayer in the miscellaneous application. Penalty under s.112(a) was legally leviable for the unauthorised import, but was reduced on equitable consideration that the import occurred without awareness of applicable import laws and under exceptional personal circumstances compelling the importer's return to India; the appeal was partly allowed to that extent. - CESTAT
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