Madras HC directs customs department to check availability of advance authorization scheme

Czarnikow Group Limited Vs Senior Intelligence Officer (Madras High Court) Facts- The issue to be decided in the present matter is thus whether the ownership of the asset vests in the petitioner or RS, which in turn, would determine, as a consequence, whether the NCLT is the appropriate forum to adjudicate the petitioner’s prayers, including for re-export, and the prayer of R5 for auction of the asset. Conclusion-With regard to maintainability in favour of the petitioner it is held that the contract at clause 20 thereof, confirms the position that title to the goods would not pass until the ...