Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Dispute concerns recovery of funds erroneously transferred to a wrong beneficiary account and the applicability of CGST/WBGST provisions. HC examined bank report, affidavit of the added respondent and Ombudsman order, found transfer resulted from payers mistake (account digits mismatched) and that the unintended recipient disavowed any commercial relationship and consented to return the funds; consequently the bank was directed to credit the amount back to the payers account within one week. The operative effect is mandatory restitution of the mistakenly transferred amount by the bank to the payer.
Dispute concerns recovery of funds erroneously transferred to a wrong beneficiary account and the applicability of CGST/WBGST provisions. HC examined bank report, affidavit of the added respondent and Ombudsman order, found transfer resulted from payers mistake (account digits mismatched) and that the unintended recipient disavowed any commercial relationship and consented to return the funds; consequently the bank was directed to credit the amount back to the payers account within one week. The operative effect is mandatory restitution of the mistakenly transferred amount by the bank to the payer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
