BEAMSTART Logo

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

Business Standard LogoBusiness Standard2w ago

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

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.


More Pictures

SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:55:04 (2 weeks 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

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 296 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax" has 372 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax" was covered 2 weeks ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 296 news stories per day.

It's most recent story was published 2 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23459893
  • URL: https://beamstart.com/news/sc-rules-in-favour-of-17309726789435

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.