Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Exercise of supervisory jurisdiction under Article 226 to quash an order in original concerning classification and valuation of imported goods where joint inspection found complete spoilage; the court declined to decide classification or valuation given futility and small consignor interest, setting aside the original order. Respondents authorised to auction or destroy the deteriorated goods and appropriate proceeds to meet liabilities; any surplus after warehousing or similar charges to be returned to the importer. Respondents directed to issue a demurrage waiver certificate for the subject consignment, and the petition disposed accordingly without costs.
Exercise of supervisory jurisdiction under Article 226 to quash an order in original concerning classification and valuation of imported goods where joint inspection found complete spoilage; the court declined to decide classification or valuation given futility and small consignor interest, setting aside the original order. Respondents authorised to auction or destroy the deteriorated goods and appropriate proceeds to meet liabilities; any surplus after warehousing or similar charges to be returned to the importer. Respondents directed to issue a demurrage waiver certificate for the subject consignment, and the petition disposed accordingly without costs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
