SC lets customs revive notices for Rs20k cr duty
Thursday, 7 November 2024
The Supreme Court overturned its own 2021 ruling, granting the Central Board of Indirect Taxes and Customs the authority to pursue notices amounting to Rs 20,000 crore in potentially unpaid customs duties. The court recognized the designation of DRI officers as 'proper officers' for issuing these notices, validating a 2011 notification and a retrospective amendment in the 2022 Finance Act.
The Supreme Court overturned its own 2021 ruling, granting the Central Board of Indirect Taxes and Customs the authority to pursue notices amounting to Rs 20,000 crore in potentially unpaid customs duties. The court recognized the designation of DRI officers as 'proper officers' for issuing these notices, validating a 2011 notification and a retrospective amendment in the 2022 Finance Act.
|
||||
|
||||
You Might Like💡 newsR Knowledge: Other News MentionsSouth Carolina U.S. stateSC: What steps taken to prevent bias-triggered student suicides?The Supreme Court seeks information from the Centre, UGC, and NAAC on measures taken to curb student suicides due to discrimination. Addressing a PIL, senior..IndiaTimes Zachery Ty Bryan Arrested for Domestic Violence, AgainZachery Ty Bryan is starting 2025 in the worst way possible, because the guy's got another arrest on his record ... this time for alleged domestic violence. The..TMZ.com SC on MSP PIL: 'Why can't govt tell farmers its doors are open for talks?'The Supreme Court inquired about the Centre's stance on the proposal for guaranteeing MSP legally, following the withdrawal of farm laws. The court urged the..IndiaTimes Atul Subhash Case: Karnataka HC asks Bengaluru techie's father to inform SC about Nikita's custodyNikita's lawyer Bharath Kumar argued that her arrest was unlawful as the police failed to serve the grounds for her detention.DNA |