Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Contravention of the NRNR account regulations attracted penalty against both the authorised dealer and the account holders, because the scheme required the account to be opened only by a non-resident person from funds remitted from outside India, and Section 13(1) of FEMA applied to any person who contravened the Act or regulations. The later omission of Regulation 5(1)(iv) did not extinguish liabilities already incurred, since repeal by omission does not erase prior violations absent contrary intent, so the challenge to the show cause notices failed. Confiscation, however, was set aside because the adjudicating authority and tribunal gave no reasons for ordering it, despite the discretionary nature of Section 13(2) and the repayment of the loan through maturity proceeds.
Contravention of the NRNR account regulations attracted penalty against both the authorised dealer and the account holders, because the scheme required the account to be opened only by a non-resident person from funds remitted from outside India, and Section 13(1) of FEMA applied to any person who contravened the Act or regulations. The later omission of Regulation 5(1)(iv) did not extinguish liabilities already incurred, since repeal by omission does not erase prior violations absent contrary intent, so the challenge to the show cause notices failed. Confiscation, however, was set aside because the adjudicating authority and tribunal gave no reasons for ordering it, despite the discretionary nature of Section 13(2) and the repayment of the loan through maturity proceeds.
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