Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
The HC held that the Policy Relaxation Committee's rejection of the petitioner's request for deemed export and terminal excise duty relief under the Foreign Trade Policy was unsustainable because it was a non-speaking order. The Committee had merely stated that no merit or hardship was found, but gave no reasons for that conclusion. As the decision was bereft of reasons, it was set aside and the matter was remanded for fresh consideration in accordance with law. The petitioner's application for policy relaxation was therefore directed to be reconsidered by the Committee within the stipulated period.
The HC held that the Policy Relaxation Committee's rejection of the petitioner's request for deemed export and terminal excise duty relief under the Foreign Trade Policy was unsustainable because it was a non-speaking order. The Committee had merely stated that no merit or hardship was found, but gave no reasons for that conclusion. As the decision was bereft of reasons, it was set aside and the matter was remanded for fresh consideration in accordance with law. The petitioner's application for policy relaxation was therefore directed to be reconsidered by the Committee within the stipulated period.
Note: It is a system-generated summary and is for quick reference only.