SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax

Quick Summary:

A bench led by Chief Justice DY Chandrachud, with Justices JB Pardiwala and Manoj Misra, made this ruling in response to a review petition filed by the Customs Department.

This decision is expected to allow the government to proceed with a significant number of pending tax recovery cases, collectively valued at over Rs 20,000 crore, which had previously been on hold due to legal disputes.

The current ruling overturns this interpretation, now recognising DRI officers as authorised personnel under the Customs Act’s Section 28.

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Category: BusinessFinance

Markets: India

Topics: DRI officers Customs enforcement Tax appeals Central Board of Indirect Taxes Legal challenges Legal victory 000 crore Tax jurisdiction Finance Ministry Supreme Court Directorate of Revenue Intelligence Show-cause notices India revenue Supreme Court ruling Proper officers Tax collection Tax duties DRI Customs Act Tax recovery DRI powers Canon India case

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:55:04 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23459893

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