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...
Acknowledgment of debt in the corporate debtor's auditor's report and balance sheet extended limitation for insolvency proceedings against the personal guarantors, and an acknowledgment by the principal borrower was treated as effective for the guarantors. On that basis, a fresh limitation period began from 31.12.2020, with the COVID-19 exclusion applied, so the Section 95 petitions filed on 13.10.2023 were within time. The Tribunal also held that SARFAESI, arbitration and DRT proceedings do not bar concurrent insolvency action against personal guarantors, because remedies under SARFAESI and the IBC are independent and the Code has overriding effect. The dismissal on limitation was reversed and both petitions were allowed.
Acknowledgment of debt in the corporate debtor's auditor's report and balance sheet extended limitation for insolvency proceedings against the personal guarantors, and an acknowledgment by the principal borrower was treated as effective for the guarantors. On that basis, a fresh limitation period began from 31.12.2020, with the COVID-19 exclusion applied, so the Section 95 petitions filed on 13.10.2023 were within time. The Tribunal also held that SARFAESI, arbitration and DRT proceedings do not bar concurrent insolvency action against personal guarantors, because remedies under SARFAESI and the IBC are independent and the Code has overriding effect. The dismissal on limitation was reversed and both petitions were allowed.
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