Customs can probe N/N. 18/2015-Cus exemption, but DGFT must first decide Advance Authorisation eligibility dispute - CESTAT held that while Customs authorities are competent to investigate and issue show cause notice... https://t.co/sw4ShlqHfE #Customs #Dgft #Advanceauthorisation

SCN for contraband misdeclaration upheld, penalties under Sections 28(4), 112, 114AA sustained, Section 155 protection denied - CESTAT upheld the validity of the SCN issued under s.28(4) r/w s.124 of the Customs ... https://t.co/H5iqMSdml6 #Customsact #Indirecttax #Naturaljustice

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Appeal succeeds, quashing time-barred customs demand based on inaccessible same-day tariff value notification; importer cleared using valid rate - CESTAT allowed the appeal, setting aside the demand of differential... https://t.co/zYVVpBaNj0 #Customsduty #Tariffvalue #Indirecttax

Operational creditors may claim contractual set-off in CIRP claims under Regulation 7 read with Form B clarification - NCLAT held that, under Regulation 7 read with Form B of the CIRP Regulations and in light of the SC's recogn... https://t.co/9NnOtGXOi7 #Insolvency #Cirp #Setoff

Provisional attachment under PMLA Section 5 upheld; extortion, land fraud and unexplained funds deemed proceeds of crime. - AT upheld the provisional attachment order under the PMLA, holding that appellants A1-A3 ... https://t.co/kZ1UDsVZYH #Pmla #Moneylaundering #Proceedsofcrime

Fly ash MOU held procurement, not service; service tax credit on maintenance upheld; extended-period demand quashed - CESTAT held that the MOU between the appellant and the power utility was essentially for procure... https://t.co/dVHjA0d1mC #Servicetax #Cenvatcredit #Indirecttax

IBBI tightens due diligence norms for insolvency professionals on Section 29A eligibility of resolution applicants - The Insolvency and Bankruptcy Board of India issues a circular to insolvency professionals, directing stri... https://t.co/jauwWrC34x #Ibbi #Insolvency #Section29a

E-Way Bills, Expiry and Intent (Mens Rea): Reassessing GST Penalties: Reading Sections 129 and 130 in Tandem - A series of Supreme Court and Allahabad High Court decisions hold that mere non-generation, delayed generation, or ... https://t.co/IyTqIpdlJa #Gst #Ewaybill #Section129

Arrest, Presumption, and Proceeds of Crime: A Holistic Analysis of PMLA Bail Jurisprudence in a GST-ITC Syndicate Case and Economic Offence - In a bail application under the PMLA arising from an alleged large-scale fraudulent... https://t.co/NQ6vH7qRnw #Pmla #Moneylaundering #Gst

Classification of Wheel Loaders under Heading 8429: From Practice to Principle: Mining Use, HSN Notes, and the Limits of End-Use Based Arguments - The Tribunal addressed customs classification of imported Koma... https://t.co/qzvacDurQj #Customs #Tariffclassification #Indirecttax

Impleaded Party Cannot Seek NCLT Review Once Order Merges with Appellate Decision in ss. 241-242 Proceedings - NCLAT dismissed the appeal, upholding NCLT's rejection of CA No. 121/2022. It held th... https://t.co/VhzqTie3lw #Companiesact #Oppressionmismanagement #Doctrineofmerger

Appeal Dismissed for Lack of Locus; Section 29A Challenge Reserved for Section 31 Stage, Heavy Costs Imposed - NCLAT dismissed the appeal filed by the appellant, holding that it lacked locus standi to challenge the resolution plan... https://t.co/vpiKCB4hpY #Ibc #Cirp #Section29a

NCLAT upholds land transfer, orders execution of sale deeds under s.60(5) IBC, dismissing seller heir's appeal - NCLAT dismissed the appeal filed by the legal heir of a deceased seller challenging the Adjudicating Authority's dir... https://t.co/q7dvIucV9l #Ibc #Insolvency #Nclat

NBFC loan held financial debt under S.5(8) IBC; S.7 plea revived with three-month repayment window - NCLAT held that the amount disbursed by the Appellant NBFC to the Respondent corporate entity constituted a "financial debt" und... https://t.co/vuoXk6Easc #Ibc #Nclat #Insolvency

Unregistered sale agreement under Ss.54,55 TP Act gives no title; ED's PMLA attachment of flat upheld - The HC held that an unregistered Agreement to Sell does not constitute a conveyance under Ss. 54 and 55 of ... https://t.co/lbA6lIW1Pi #Propertylaw #Pmla #Transferofpropertyact

Car parking profit-sharing held exempt service, not space lease; revenue-sharing model qualifies as vehicle parking to public - CESTAT held that the appellant's arrangement with M/s X Pvt. Ltd. for operating car pa... https://t.co/IHGnJgGKDr #Indirecttax #Servicetax #Taxexemption

Investigation deposit not duty; interest at 12% ordered from deposit to refund, Ss.11B,11BB inapplicable, Art.300A upheld - CESTAT held that the amount paid by the appellant during investigation, prior to issuance of ... https://t.co/AbOYH6p5tv #Indirecttax #Centralexcise #Cestat

SEZ Act Sections 26 and 51 override excise demands; Section 11A duty, 11AC penalties on DTA supplies quashed - CESTAT held that supplies of excisable goods from DTA to SEZ units are exempt from central excise duty by... https://t.co/M4SviqsBXj #Sezact #Centralexcise #Taxexemption

Unregistered assignment of specific performance decree held valid; no mandatory registration under S.17(1)(e) Registration Act, 1908 - SC held that an unregistered deed assigning a decree for specif... https://t.co/avzd77EAck #Specificperformance #Registrationact1908 #Propertylaw

Signatory Liable Under S. 141(2) NI Act; Acquittal Set Aside, Cheque Bounce Conviction Restored Under S. 378 CrPC - HC, in an appeal under S. 378 CrPC, set aside the judgment of acquittal in a cheque dishonour prosecution unde... https://t.co/JhXpYkCIZa #Chequebounce #Niact #Crpc