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...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Amendment of the Import General Manifest in respect of all four bills of lading was accepted, and the court ordered conditional clearance of 200.58 MT of copper wire rod to the owner subject to payment of basic customs duty under protest. The owner must also deposit an amount equal to interest on the basic customs duty as a deposit; that deposit may be contested in the respondents proposed appeal and will be refunded if that appeal succeeds. No interest is payable on the IGST component per precedent. The order expressly preserves liability and rights of all other noticees and does not decide merits of confiscation.
Amendment of the Import General Manifest in respect of all four bills of lading was accepted, and the court ordered conditional clearance of 200.58 MT of copper wire rod to the owner subject to payment of basic customs duty under protest. The owner must also deposit an amount equal to interest on the basic customs duty as a deposit; that deposit may be contested in the respondents proposed appeal and will be refunded if that appeal succeeds. No interest is payable on the IGST component per precedent. The order expressly preserves liability and rights of all other noticees and does not decide merits of confiscation.
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