Most serious contraventions relate to eliminating the voting rights of CoC members for non-contribution to the CIRP costs. This contravention goes against the letter and spirit of the Code.
With a view to enhancing facilitation of trade across the India-Bangladesh border, a number of stakeholder meetings have been held between Indian Customs and our counterparts in Bangladesh.
Govt notifies amendment in Courts for trial of cases under PMLA in Telangana vide notification No. S.O. 4042(E) dated: 16th August, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th August, 2022 S.O. 4042(E).—In exercise of the powers conferred by sub-section (1) of section 43 of the Prevention of Money – laundering […]
Circular No. 13/2022-Customs – CBIC issued revised Guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962
Held that principle of lifting the corporate veil was invoked without giving an opportunity of being heard violates the principles of nature justice and hence untenable
Circular No. 12/2022-Customs CBIC issued guidelines for launching of Prosecution in relation to offences punishable under Customs Act 1962
Held that person seeking to make payment of tax and penalty u/s. 129(1)(a) of the CGST Act cannot be deprived from filing an appeal u/s 107
Held that if proceedings do not culminate within a reasonable period of time then they stand vitiated. The delay of over a decade truly violates the Appellant’s right to natural justice and vitiates the entire proceeding.
Held that incorrect earlier decision by a bench of co-ordinate jurisdiction cannot be rendered per incuriam. Earlier decision has binding effect on a bench of co-ordinate jurisdiction.
Held that the subsidy granted for encouraging the dispersal of industries to the less developed areas of the State of Maharashtra cannot be treated as revenue receipt.
