Search Results for Tag : Proceeds
International Cases
Applicant in any proceedings under the Proceeds of Crime Act bears onus of proving matters necessary to establish grounds for making the order applied for(14.06.2019)
Present is an application by the Commissioner of the Australian Federal Police pursuant to Section 49 of the Proceeds of Crime Act, 2002 for the court.....
Tags : Forfeiture order, Proceeds, Conditions
News
Madras HC: Proceeds on Sale of Certified Emission Reduction Credit is Capital Receipt(10.03.2021)
Madras High Court has held that proceeds realized on sale of Certified Emission Reduction Credit, which had been earned on the Clean Development Mecha.....
Tags : Madras High Court, Proceeds on Sale of Certified Emission Reduction Credit
Ker. HC: Properties Subject to Attachment Must be Properties Acquired through Proceeds of Crime(02.07.2024)
Kerala High Court has observed that the properties that can be proceeded against, exercising the powers of attachment must be those that have been acq.....
Tags : Kerala High Court, Proceeds of Crime, Attachment
Ker. HC: Authorities Cannot Proceed Against Assets Not Related to Money Laundering Under PMLA(02.07.2024)
Kerala High Court has held that the purpose of PMLA is to remove tainted money and also to initiate proceedings against proceeds of crime. Such a prov.....
Tags : Kerala High Court, PMLA, Tainted Money, Proceeds of Crime
Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient(09.10.2024)
Mad HC has held that mere possession of proceeds of crime would be sufficient to invoke provisions of PMLA. Using proceeds of crime by itself is an of.....
Tags : Madras High Court, Proceeds of Crime, PMLA
Notifications & Circulars
Acceptance of e-BRC of DGFT Towards Proof of Realization of Sale Proceeds for Exports with LEO Date Upto 31.03.2014 under Drawback Scheme(28.02.2017)
Attention is invited to Board's Circular No. 5/2009-Customs dated 2.2.2009 which prescribes Bank Realization Certificate (BRC) as one of the documents.....
Tags : Acceptance, E-brc, Proof, Sale proceeds
Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation(01.04.2020)
1. The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisat.....
Tags : Goods and Services, Export Proceeds, Relaxation
Judgments
Only expressly created statutory first charges under Central and State laws can take precedence over claims of secured creditors(04.12.2019)
Present appeal arises out of judgment passed by High Court. Vide the impugned judgment, the High Court has directed the issuance of a recovery certifi.....
Tags : Sale, Secured assets, Proceeds