Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Provisional attachment of fixed deposits was sustained as value of proceeds of crime where the Tribunal found an established fraud in the predicate case and a substantial nexus between the appellant and the accused company through common directorship and shareholding, including the accused company's 49.90% stake. It held that, given the magnitude of the fraud and the absence of available assets of the accused company and its Director, the appellant's deposits could be attached even without direct evidence of transfer of tainted funds from the accused company. The Tribunal rejected release of the deposits on the ground that they came from the appellant's own bank account, and the appeal was dismissed.
Provisional attachment of fixed deposits was sustained as value of proceeds of crime where the Tribunal found an established fraud in the predicate case and a substantial nexus between the appellant and the accused company through common directorship and shareholding, including the accused company's 49.90% stake. It held that, given the magnitude of the fraud and the absence of available assets of the accused company and its Director, the appellant's deposits could be attached even without direct evidence of transfer of tainted funds from the accused company. The Tribunal rejected release of the deposits on the ground that they came from the appellant's own bank account, and the appeal was dismissed.
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