https://www.taxtmi.com/caselaws?id=357442 The court dismissed the writ petition challenging the order imposing a fiscal penalty on a merged company, formed through the merger of two entities, under a revival scheme sanctioned by BIFR. The court held that the penalty was justified due to non-fulfillment of export obligations and that the company had not pursued remedies for waiver of the penalty on its merits. The court found no jurisdictional error or breach of natural justice, concluding that the petition lacked merit and was not eligible for costs under Article 226 of the Constitution of India. en-us Tue, 14 Nov 2017 00:00:00 +0530 Thu, 22 Mar 2018 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357442 The court dismissed the writ petition challenging the order imposing a fiscal penalty on a merged company, formed through the merger of two entities, under a revival scheme sanctioned by BIFR. The court held that the penalty was justified due to non-fulfillment of export obligations and that the company had not pursued remedies for waiver of the penalty on its merits. The court found no jurisdictional error or breach of natural justice, concluding that the petition lacked merit and was not eligible for costs under Article 226 of the Constitution of India. Case-Laws Customs Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357442