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 ...
WEBThe petitions relied on previous DRI investigations into the Adani Group and Essar Group, on equipment imports and over invoicing. General Elections 2024: Schedule Latest
WEBOct 9, 2023 · SC stays HC order quashing LRs issued in Adani Coal Import case. 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.
WEBNov 17, 2023 · The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports. Investigators are seeking ...
WEBJul 18, 2022 · Stateowned CIL has cancelled its maiden tender for shortterm import of coal in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. Adani Enterprises, which had quoted around Rs 17,000plus per tonne for importing MT of coal, was earlier selected for the shortterm shipment. However, .
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 .
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 ...
WEBIndian 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 ...
WEBApr 5, 2016 · A major scam involving several energy companies and traders, including some in the state sector, has been unearthed involving alleged overinvoicing of imported coal including through a tax haven to siphon off money abroad and charge higher power tariffs, according to DRI sources. The companies include some of the biggest names in .
WEBOct 13, 2019 · The Directorate of Revenue Intelligence (DRI) has started sending notices to exporters after the Supreme Court stayed the Gujarat High Court order on availing an exportintensive scheme.
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.
WEBOct 17, 2023 · Adani Group accused of importing coal at inflated prices; denies allegations. FT report based on 30 shipments of coal from Indonesia to India over 32 months. Prices declared to custom officers in ...
WEBThis story is from October 17, 2019. HC quashes LRs issued in Adani coal import case. PTI / Oct 17, 2019, 21:58 IST Oct 17, 2019, 21:58 IST
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.
WEBNov 17, 2023 · India is pursuing evidence from Singapore, specifically transaction documents from 20 of Adani's banks, to trace financial activity in the coal import case. Approval from India's Supreme Court is required, followed by a subsequent order from Singapore's Court of Appeal for document release.
WEBJan 8, 2020 · The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal imports between 2011 and 2015. A bench headed by Chief Justice Bobde on ...
WEBJan 9, 2024 · On December 19, 2023, the high court had directed the CBI and DRI to "meticulously and expeditiously" look into the allegations of overinvoicing of coal imports as well equipment by several power companies including those of the Adani Group and Essar Group to "unearth actual factual position and take appropriate actions against the ...
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 .
WEBOct 18, 2019 · Bombay HC Quashes LORs Issued By DRI For Probe Into Alleged Evasion Of Customs Duty By Adani In Import Of Indonesian Coal. Nitish Kashyap .
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.
WEBOct 12, 2023 · The Directorate of Revenue Intelligence (DRI) had in 2016 issued a circular saying 40 entities, including five Adani Group companies, were being investigated for alleged overinvoicing of coal ...
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
WEBOct 28, 2020 · Adani Coal Mine Read all the latest news headline updates on Adani Coal Mine. ... Get all the Adani Coal Mine breaking news updates, videos, photostories and more at Business Standard. Home. Economy; Finance; Personal Finance; World News; Latest; EPaper. EPaper; Today's Paper; Markets; ... HC quashes all Letters Rogatory .
WEBJun 28, 2019 · According to a showcause notice issued by DRI to Reliance Infrastructure and Rosa Power in August 2016, the two firms not only violated the Customs norms but also violated other laws like the Electricity Act, 2003, Income Tax Act, 1961, Foreign Exchange Management Act, 1999, Prevention of Money Laundering Act, 2002, .
WEBThe DRI has been investigating Adani's coal imports since 2016, suspecting overvaluation through billing higher prices on paper to its Singapore unit before being billed to its Indian arms, news ...
WEBSep 19, 2018 · Read Top Business News and updates on financial, economic and banking news on CNBCTV18. Mukhtar Ansari was subjected to slow poisoning in jail, says his son. GE prepares to cut 1,000 jobs in LM Wind. World Bank unlocks secret data for emerging market finance.
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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