Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
A High Court addressed a suit for specific performance and damages, considering whether Section 31 of the Foreign Exchange Regulation Act barred the suit and whether prior findings created res judicata. The court confined its adverse decision on an additional issue framed on January 4, 2023 to that narrow issue, holding that this determination will not prejudice the parties on the four original issues framed on December 14, 1992. Questions on legality, validity, sufficiency and enforceability of the January 2, 1989 agreement, including its effect under the Income Tax Act and other FERA aspects, remain open for full adjudication at trial.
A High Court addressed a suit for specific performance and damages, considering whether Section 31 of the Foreign Exchange Regulation Act barred the suit and whether prior findings created res judicata. The court confined its adverse decision on an additional issue framed on January 4, 2023 to that narrow issue, holding that this determination will not prejudice the parties on the four original issues framed on December 14, 1992. Questions on legality, validity, sufficiency and enforceability of the January 2, 1989 agreement, including its effect under the Income Tax Act and other FERA aspects, remain open for full adjudication at trial.
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