Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
An International Courier Terminal (ICT) is a Customs-controlled facility for electronic clearance of authorized courier consignments under the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010, permitting import/export via authorized couriers and electronic CBEs/Courier Shipping Bills; operative effect: consignments are processed through courier-specific electronic procedures. Certain goods (animals, plants, perishables, specified publications, precious metals/stones except limited re-imports and items requiring expert/testing) and prohibited/restricted items (narcotics, explosives, arms, counterfeit currency, protected wildlife products, and items restricted under allied Acts) are excluded from courier clearance; operative effect: such consignments require alternative clearance routes or are barred. Duty classification distinguishes commercial, personal (CTH 9804; total 30.98% duty) and gifts (total 43.96% duty); operative effect: classification and payer of purchase determine applicable duties. Authorized couriers file declarations and importers must furnish KYC and supporting documents; operative effect: noncompliance may delay clearance and trigger examination.
An International Courier Terminal (ICT) is a Customs-controlled facility for electronic clearance of authorized courier consignments under the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010, permitting import/export via authorized couriers and electronic CBEs/Courier Shipping Bills; operative effect: consignments are processed through courier-specific electronic procedures. Certain goods (animals, plants, perishables, specified publications, precious metals/stones except limited re-imports and items requiring expert/testing) and prohibited/restricted items (narcotics, explosives, arms, counterfeit currency, protected wildlife products, and items restricted under allied Acts) are excluded from courier clearance; operative effect: such consignments require alternative clearance routes or are barred. Duty classification distinguishes commercial, personal (CTH 9804; total 30.98% duty) and gifts (total 43.96% duty); operative effect: classification and payer of purchase determine applicable duties. Authorized couriers file declarations and importers must furnish KYC and supporting documents; operative effect: noncompliance may delay clearance and trigger examination.
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