CESTAT Chennai held that Extraneal Peritoneal Dialysis Solution was correctly classifiable under CTH 9018 as the issue had already been decided in the importer’s favour and upheld by the Supreme Court.
ROC Mumbai imposed penalty for possessing duplicate Director Identification Numbers in violation of Section 155. The ruling highlights that even inadvertent duplicate DIN allotment can attract continuing penalties.
ROC Mumbai held that even clerical mistakes in DIR-12 can attract penalty under Section 450 when incorrect information is certified in MCA filings. The ruling highlights the responsibility of authorized signatories to ensure accuracy of e-forms.
The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ruling highlights strict compliance expectations in maintaining survey data.
The Tribunal held that no documentary evidence connected the Customs Broker to the alleged fraudulent exports. Revocation and penalty were quashed for want of proof.
RBI now requires financial institutions to factor in calamity risks while evaluating borrowers. This move ensures more resilient and realistic credit risk assessments.
RBI permits financial institutions to waive or reduce charges for customers in disaster-hit areas. The amendment ensures temporary financial relief and promotes responsible lending practices during crises.
RBI permits accounts slipping into NPA due to calamities to be upgraded to ‘Standard’ after resolution. This ensures relief to borrowers while maintaining regulatory discipline.
RBI mandates Regional Rural Banks to consider disaster impacts while evaluating loans. The move strengthens rural credit risk management and promotes responsible lending.
RBI establishes a structured resolution mechanism for borrowers impacted by natural disasters. The framework ensures timely relief while maintaining regulatory discipline and coordination.
