Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
NCLAT directed release of the fixed deposit maintained with its Registry, together with accrued interest, to the financial creditor after removal of the lien. The Tribunal held that its earlier order had left the treatment of the deposited amount to the Adjudicating Authority's order on the Section 12A settlement application. As the Adjudicating Authority had allowed the settlement, dismissed the insolvency petition as withdrawn, and specifically directed that the Registry-held amount be received by the financial creditor under the settlement agreement, that direction was binding. In the absence of any objection from the original appellant, the application for release was allowed.
NCLAT directed release of the fixed deposit maintained with its Registry, together with accrued interest, to the financial creditor after removal of the lien. The Tribunal held that its earlier order had left the treatment of the deposited amount to the Adjudicating Authority's order on the Section 12A settlement application. As the Adjudicating Authority had allowed the settlement, dismissed the insolvency petition as withdrawn, and specifically directed that the Registry-held amount be received by the financial creditor under the settlement agreement, that direction was binding. In the absence of any objection from the original appellant, the application for release was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
