Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Amendments redefine "fair value" as estimated realizable value of the corporate debtor or its assets on the insolvency commencement date and require the resolution professional to appoint two sets of registered valuers within specified timelines to determine fair value and liquidation value. Valuation procedure mandates asset-class valuers with a coordinating valuer, a pre valuation meeting, physical verification, valuation reports per Board format, a third set where estimates differ by 25% or on committee request, and averaging of the two closest estimates for final fair value and liquidation value. Information memorandum disclosures are expanded to include receivables, joint development arrangements, attached assets and details of allottees; resolution plans must address allottees who have not filed claims.
Amendments redefine "fair value" as estimated realizable value of the corporate debtor or its assets on the insolvency commencement date and require the resolution professional to appoint two sets of registered valuers within specified timelines to determine fair value and liquidation value. Valuation procedure mandates asset-class valuers with a coordinating valuer, a pre valuation meeting, physical verification, valuation reports per Board format, a third set where estimates differ by 25% or on committee request, and averaging of the two closest estimates for final fair value and liquidation value. Information memorandum disclosures are expanded to include receivables, joint development arrangements, attached assets and details of allottees; resolution plans must address allottees who have not filed claims.
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