CESTAT Chennai held that imported LED Monitors Tiles are classifiable under Customs Tariff Heading 84285200 and hence eligible for exemption in terms of Notification No. 24/2005-Cus dated 01/03/2005. Accordingly, appeal allowed.
HC held that cyber fraud causes systemic harm to digital economy and cannot be treated as a private dispute, rejecting a quashing plea despite settlement. Key takeaway: compromise cannot erase cybercrime liability.
IFSCA’s amended Listing Regulations now allow companies to list shares on IFSC exchanges without a public offer, simplifying entry into international markets. The framework enhances liquidity, cross-border visibility, and regulatory efficiency.
Authorities uncovered a web of non-existent entities issuing invoices without supply, causing huge GST revenue loss. The mastermind was arrested under cognizable and non-bailable CGST Act offences.
SC ruled that providing a Form 15CB certificate is a tax-compliance function, not a criminal act. Without proof of knowing assistance, CAs cannot be dragged into PMLA proceedings.
This analysis explains how NCLT continues to respect CoC commercial wisdom but now intervenes when procedures, legality, or fairness are compromised. The key takeaway: CoC supremacy stands, but only when due process is airtight.
