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 High Court held that the adjudication order, as modified by the appellate order, remained binding on departmental officers and could not be disregarded in the absence of any stay from the Tribunal. As the duty, redemption fine and penalties had already been deposited, the Revenue's interest stood secured and there was no legal basis to continue detention of the confiscated goods. The Court therefore directed release of the goods for re-export upon confirmation that the deposited amount had been credited to the Government treasury.
The High Court held that the adjudication order, as modified by the appellate order, remained binding on departmental officers and could not be disregarded in the absence of any stay from the Tribunal. As the duty, redemption fine and penalties had already been deposited, the Revenue's interest stood secured and there was no legal basis to continue detention of the confiscated goods. The Court therefore directed release of the goods for re-export upon confirmation that the deposited amount had been credited to the Government treasury.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
