Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
The HC directed provisional release of seized imported goods at the interim stage of seizure memo proceedings, treating the request as confined to conditional release pending adjudication. Noting that similar writ petitions on identical facts had already been allowed on the same basis and that course had been left undisturbed by the Supreme Court, the Court ordered release subject to payment of the enhanced duty quantified by Customs, furnishing of a bank guarantee, and maintenance of transaction details for any onward sale. The order expressly preserved Customs' to proceed with adjudication independently and to decide the matter in accordance with law.
The HC directed provisional release of seized imported goods at the interim stage of seizure memo proceedings, treating the request as confined to conditional release pending adjudication. Noting that similar writ petitions on identical facts had already been allowed on the same basis and that course had been left undisturbed by the Supreme Court, the Court ordered release subject to payment of the enhanced duty quantified by Customs, furnishing of a bank guarantee, and maintenance of transaction details for any onward sale. The order expressly preserved Customs' to proceed with adjudication independently and to decide the matter in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
