The Supreme Court has ruled that goods moved from Domestic Tariff Areas (DTA) to Special Economic Zones (SEZ) are domestic supplies, not exports. The verdict relieves companies like Adani Power from export duty disputes under the Customs Act, 1962.
The Supreme Court has allowed the DAIT-Adani Power consortium to temporarily operate Coastal Energen’s power plant until the NCLAT issues its final order. This decision provides interim relief amid the ongoing insolvency dispute, overturning the NCLAT’s interim order and expressing concerns about the haste with which the NCLAT had acted.
![[Breaking] Hydro-Electric Project Dispute: Adani Power Seeks Rs 280 Crore Refund from the Himachal Pradesh Govt.| Apex Court Issued Notice](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/09/image-2024-09-02T114149.437.png?resize=447%2C367&ssl=1)
The Supreme Court issued a notice for Adani Power’s plea seeking a Rs 280 crore refund from the Himachal Pradesh Government regarding the Jangi Thopan Power Project. Adani Power’s claim was dismissed by the High Court, providing relief to the state government. The court found no lawful relationship between Adani Power and the state, rejecting the refund claim.
The Himachal Pradesh High Court Set aside a ruling mandating the state to refund over Rs. 280 crore to Adani Power Limited for two hydro-electric projects. The court found that the award to Brakel Corporation was secured through misrepresentation, rendering them ineligible for the refund. Adani’s claim was also rejected due to lack of finalized agreement with the state.
Today (18th March): The Supreme Court imposed a Rs 50,000 penalty on Adani Power for filing a review of a late payment surcharge case more than two years after the final order. The dispute involved late payments owed by Jaipur Vidyut Vitran Nigam Limited to Adani Power. Adani’s application was dismissed amid concerns about delay and integrity of the registry.