Search Results for "overvaluation"

10 result(s) found

Scroll Down To Discover

Found 10 result(s)

© Image Copyrights Juris Services & Technology

Gujarat High Court Quashes Penalties on Customs Broker for Importer's Misdeclaration — No Mens Rea or Knowledge of Fraud Established. Section 112(a), 112(b), 114AA of Customs Act, 1962 require active involvement or knowledge for penalty imposition on customs broker.

The petitioner, M/s. Mathuradas Narandas and Sons Forwarders Ltd., a customs broker, was engaged by GKR Traders Pvt. Ltd., the importer, to facilitate...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Customs Appeals in DEPB Overvaluation Case — Finds No Evidence of Overvaluation or Fraud. Revenue's reliance on market enquiry and statements of third parties insufficient to prove that exported automobile parts were overvalued for DEPB benefits under Customs Act, 1962.

The appellant, M/s Advance Netways Marketing Pvt. Ltd., was an exporter of automobile parts such as door bidding, fuel pump fitting, front suspension ...

© Image Copyrights Juris Services & Technology

Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

© Image Copyrights Juris Services & Technology

Bombay High Court Upholds Constitutional Validity of Section 129E Customs Act, 1962 Mandating Predeposit for Appeals. Challenge to Order-in-Original Dismissed as No Hearing Opportunity Was Denied.

The petitioners, partners of M/s Bright International, challenged the constitutional validity of Section 129E of the Customs Act, 1962, as amended by ...

© Image Copyrights Juris Services & Technology

High Court of Bombay Dismisses Insurer's Appeal in Fire Insurance Claim — Insured Entitled to Full Sum Insured. Insurer's Allegation of Suppression of Previous Fire Incident Fails as Policy Was Reinstated with Knowledge.

The respondent, M/s Manisha Enterprises, a proprietary concern, obtained a fire insurance policy from the appellant, United India Insurance Co. Ltd., ...