Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not appl...
Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
No prescribed limitation period governed petitions under the Companies Act before the Company Law Board, but unexplained delay could still matter where relief is discretionary; on these facts, the grievance concerned a continuing course of oppression and mismanagement, so delay, laches, acquiescence and estoppel did not bar scrutiny. The Board could examine fraud and forgery on the record where the material disclosed mala fide exclusion, and its findings on shareholding, clandestine meetings and oppressive conduct were not perverse under Section 10F because they rested on company records and correspondence. Additional evidence under Order XLI Rule 27 required due diligence and necessity, which were not shown. The special auditor direction was only consequential and was upheld.
No prescribed limitation period governed petitions under the Companies Act before the Company Law Board, but unexplained delay could still matter where relief is discretionary; on these facts, the grievance concerned a continuing course of oppression and mismanagement, so delay, laches, acquiescence and estoppel did not bar scrutiny. The Board could examine fraud and forgery on the record where the material disclosed mala fide exclusion, and its findings on shareholding, clandestine meetings and oppressive conduct were not perverse under Section 10F because they rested on company records and correspondence. Additional evidence under Order XLI Rule 27 required due diligence and necessity, which were not shown. The special auditor direction was only consequential and was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
