Continuing offence of money-laundering: discharge set aside and proceedings reinstated where laundering continued after inclusion of predicate offence...
International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Liability for short-levied customs duty arising from a Customs House Agents substitution and misappropriation was examined; where importers bona fide tendered payment by demand drafts to their CHA and documentary bank evidence supported that tender, liability for unpaid duty and penalties was attributed to the CHAs misconduct and not to the importers, resulting in annulment of the demand and penalties. The consequences of forged or substituted Bills of Entry, misappropriation of deposit accounts, and implications for MODVAT/central excise credit claims and supervision of bonded procedures were addressed as collateral issues.
Liability for short-levied customs duty arising from a Customs House Agents substitution and misappropriation was examined; where importers bona fide tendered payment by demand drafts to their CHA and documentary bank evidence supported that tender, liability for unpaid duty and penalties was attributed to the CHAs misconduct and not to the importers, resulting in annulment of the demand and penalties. The consequences of forged or substituted Bills of Entry, misappropriation of deposit accounts, and implications for MODVAT/central excise credit claims and supervision of bonded procedures were addressed as collateral issues.
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