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Case Name : Sai Srinivasa Industries Vs Commissioner of Customs (Madras High Court)
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Sai Srinivasa Industries Vs Commissioner of Customs (Madras High Court) Madras High Court has instructed the Commissioner of Customs to consider a representation from Sai Srinivasa Industries regarding the clearance of warehoused dry cashew nuts. The petitioner, Sai Srinivasa Industries, claimed to have advanced ₹32,00,000 to a third party for importing these cashew nuts, but alleged that the third party later reneged on an oral contract. Sai Srinivasa Industries had requested the Customs authorities to exercise powers under Section 68 of the Customs Act, 1962, to facilitate the clearance of...
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