WEBOct 17, 2019 · HC quashes Letters Rogatories issued in Adani coal import case The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been ...
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WEBOct 17, 2019 · The Bombay High Court on Thursday quashed all Letters Rogatory sent by the Directorate of Revenue Intelligence to Singapore and other countries in its probe of Adani Group firms for alleged overvaluation of Indonesian coal imports.
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WEBMar 1, 2023 · For the Adani Group, the MDO route, with its higher profit margins compared with the investment and operating cost of running the business, was a lucrative entry point into the coal business even ...
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WEBOct 12, 2023 · In export records the price was mn, plus 42,000 for shipping and insurance. On arrival at India's largest commercial port, Mundra in Gujarat run by Adani, the declared import value was mn." In one instance, the value of a shipment of coal was shown as Rs 139 million ( million) when the ship left an Indonesian port.
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WEBDec 19, 2023 · The Delhi High Court has directed the CBI and DRI to investigate allegations of overinvoicing of imports by power generating companies, including the Adani Group and the Essar Group.
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WEBSep 15, 2016 · The DRI found as many as 40 companies were engaged in importing of Coal from Indonesia to Indian power plants. 90% of the coal is imported from Indonesia, while about 5% is imported from Australia. Adani Group of companies import around 70% and the second importer Anil Ambani's Reliance Group imports around 5%.
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WEBOct 18, 2019 · The Directorate of Revenue Intelligence is investigating at least 40 companies, including those from the Adani Group, Anil Dhirubhai Ambani Group and Essar Group, for alleged overvaluation of coal ...
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WEBThe Bombay HC had quashed all global information requests the DRI had sent to foreign countries pertaining to alleged overvaluation of coal imports by two Adani firms. Gautam Adani. Photo: Reuters
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WEBNov 5, 2023 · DRI conducts search operation at Havells India corporate office in Noida The search was conducted over "alleged misclassifiion in import of Heating Element," the company said
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WEBMar 27, 2023 · AFP. The Supreme Court (SC) Monday dismissed petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations levelled by the DRI against three Adani group subsidiaries.
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WEBNov 17, 2023 · On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for alleged overvaluation of Indonesian coal imports.
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WEBOct 31, 2019 · Also read: Coal Import Scam: Adani Company Is Trying to Impede Investigation, DRI Tells Bombay HC As its investigations proceeded, the DRI realised it would need further documentation from the foreign branches of Indian banks, namely, ICICI Bank, Axis Bank, Bank of Baroda (BoB) and, most importantly, the State Bank of India .
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WEBOct 12, 2023 · On October 10, hearing a case regarding the alleged ove rinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.. It was in November 2019, that the DRI had moved the apex court against a Bombay .
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WEBDec 19, 2023 · The Delhi High Court on Tuesday ordered the Directorate of Revenue Intelligence (DRI) and the Central Bureau of Investigation (CBI) to "meticulously and expeditiously" look into the allegations of overinvoicing by power companies belonging to the Adani Group, Essar Group and others [Centre for Public Interest Litigation and Anr v .
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WEBMar 27, 2023 · Adani News Live: The Supreme Court disposed of the petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations leveled by the DRI against three Adani group subsidiaries. .
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WEBJan 5, 2022 · Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. ... (DRI) indied that neither Xiaomi India nor its contract manufacturers were including the amount of royalty paid by the firm in the assessable value of the goods imported by the company .
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WEBNov 18, 2023 · On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for ...
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WEBJan 9, 2024 · A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani .
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WEBJun 21, 2019 · The DRI probe against Adani and other companies commenced after the agency issued a general alert to its field formations across India in March 2016, outlining the modus operandi of overinvoicing of coal imports from Indonesia.
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WEBMay 17, 2019 · The Orissa high court has stayed notices issued by the directorate of revenue intelligence (DRI) against exporters for violating preimport conditions imposed on availing advance authorisation licenses. These licenses entitle the holders to import goods at zero duty for the purpose of exports.
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WEBNov 17, 2023 · Indian investigators seek to restart probe into Adani Group for alleged coal import overvaluation, request Supreme Court permission to collect evidence from Singapore. Adani denies wrongdoing ...
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WEBSep 19, 2018 · The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence (DRI) from giving effect to the letters rogatory (LRs) issued to ...
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WEBJan 8, 2020 · The Supreme Court on Wednesday stayed the Bombay High Court ruling that gave relief to the Adani Group in an alleged case of overvaluation of Indonesian coal imports between 2011 and 2015. The apex court has also revived the Directorate of Revenue Intelligence (DRI) investigations into alleged over invoicing of imported coal by .
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WEBNov 17, 2023 · Indian investigators seek Supreme Court permission to restart a probe into Adani Group's alleged coal import overvaluation. The Directorate of Revenue Intelligence aims to collect evidence from ...
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WEBJan 9, 2020 · The Supreme Court stayed the Bombay High Court's order quashing the Directorate of Revenue Intelligence (DRI) seeking information about the alleged Rs 29,000crore overinvoicing by Adani Enterprises Limited in connection with coal imports from Indonesia. The Solicitor General argued the high court order had prevented DRI from .
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WEBFeb 13, 2020 · The Directorate of Revenue Intelligence (DRI) has unearthed a major scam involving import of canola oil of Candian origin by wrongly declaring it as rapeseed oil from Bangladesh to evade taxes, finance ministry sources said on Thursday. Certain importers misused provisions of the SAFTA (South Asian Free Trade Agreement) to .
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WEBNov 17, 2023 · Indian authorities reviewed 1,300 shipments involving Adani and alleged in court filings that it "grossly overstated" or "artificially inflated the import value of coal" as compared with the ...
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WEBOct 23, 2016 · DRI summons for no clear reason. In an unusual move, the Directorate of Revenue Intelligence (DRI) has issued a standard letter to many exporters, to return incentives availed of for shipments during 201415 for which the proceeds hadn't been realised within the prescribed time limit. Proof is to be given within 14 days in this regard.
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WEBUpdated On Nov 17, 2023 at 11:07 AM IST. Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue .
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WEBThe Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities.
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WEBSep 19, 2018 · The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence (DRI) from giving effect to the letters rogatory (LRs) issued to several countries against three group companies in an alleged case of overvaluation of Indonesian coal imports in the past. A bench of justices .
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WEBFeb 21, 2019 · The DRI alleged that in certain cases, the import value of Indonesian coal was artificially inflated by about 50 to 100 per cent by changing test reports which measure the calorific value of coal. Artificial inflation of value of the imported coal increases the landed cost of coal, which is a primary fuel in coal fired thermal power plants.
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WEBSep 20, 2018 · The CBI had registered a preliminary enquiry (PE) in the overinvoicing scam after the DRI issued a notice to the Adani Group, which allegedly accounted for a decent share in overinvoiced coal ...
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WEBJun 21, 2022 · Eleven bidders, including Adani Enterprises, have shown interest in the firstever coal import tender issued by national miner Coal India (CIL). Recently, stateowned NTPC awarded million tonnes (mt) of imported coal tender worth Rs 8,300 crore to Adani Enterprises.
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WEBSep 20, 2018 · Earlier this year, following the LRs, a Singapore court had asked the Adani group to produce documents pertaining to Indonesian coal imports under the ongoing probe by the DRI. Adani Enterprises appealed to the Singapore high court against the lower court order but was denied relief. It then approached the Bombay HC seeking quashing of the .
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