Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
Liability under Section 141 of the Negotiable Instruments Act cannot be fastened merely because a person is designated as a director; the complaint must contain specific averments showing how and in what manner the accused was in charge of and responsible for the company's business at the relevant time. General allegations that directors handled day-to-day affairs were insufficient where the accused was a non-executive independent director, was not a signatory to the dishonoured cheques, and no direct nexus with the transactions was pleaded. The summoning orders and criminal proceedings were quashed qua the petitioner.
Liability under Section 141 of the Negotiable Instruments Act cannot be fastened merely because a person is designated as a director; the complaint must contain specific averments showing how and in what manner the accused was in charge of and responsible for the company's business at the relevant time. General allegations that directors handled day-to-day affairs were insufficient where the accused was a non-executive independent director, was not a signatory to the dishonoured cheques, and no direct nexus with the transactions was pleaded. The summoning orders and criminal proceedings were quashed qua the petitioner.
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