DFCE Duty-Free Import of Gold & Silver Bars Valid: SC Rejects Alleged Circular Trading & Fraud

Commissioner of Customs Vs Adani Enterprises Ltd. (Supreme Court of India)

SC Upholds import of gold and silver bars under Duty-Free Imports under DFCE Scheme was valid, rejecting alleged Circular Trading and fraudulent entitlement

The Supreme Court of India upheld the validity of duty-free imports of gold and silver bars made under Duty-Free Credit Entitlement (DFCE) licences, affirming that the benefits could not be denied on allegations of circular trading or fraudulent entitlement in the absence of concrete evidence. The Court endorsed t

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