The Supreme Court has issued notices to Adani Enterprises and its MD Rajesh Adani after the Customs Department challenged a tribunal order that cleared the company in a Rs 49.77 crore duty-free gold and silver import case. The case will be taken up at the next hearing date.
Today, On 20th November, the Supreme Court ruled that telecom companies, including Airtel and Vodafone Idea, are eligible for CENVAT credit on items like tower parts and shelters. This decision clarifies their classification under tax rules, upholding a 2021 Delhi High Court ruling and overturning a prior Bombay High Court decision.
Yesterday, On 10th September, The Chief Justice of India has initiated hearings on the customs department’s review petition, challenging a prior ruling that affected customs operations. The petition aims to reverse the decision regarding the recovery of duties on imported goods. The Supreme Court began hearing the plea on May 19, 2022, and the case involves legal complexities and multiple legal entities.
The Delhi High Court has directed the Union Government, the Central Bureau of Investigation (CBI), and the Directorate of Revenue Intelligence (DRI) to meticulously and expeditiously investigate allegations of over-invoicing in coal imports and equipment by several power companies, including the Adani Group and Essar Group. This directive was issued by a division bench comprising […]